Nihon Kohden (OTCMKTS:NHNKY) Issues Quarterly Earnings Results

Nihon Kohden (OTCMKTS:NHNKY) announced its quarterly earnings data on Tuesday. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.06), Zacks reports. Nihon Kohden had a net margin of 5.90% and a return on equity of 9.17%.

Nihon Kohden Price Performance

Shares of NHNKY traded down $0.83 during trading hours on Tuesday, reaching $9.26. The stock had a trading volume of 2,396 shares, compared to its average volume of 21,802. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.64 and a current ratio of 3.98. Nihon Kohden has a 12 month low of $8.12 and a 12 month high of $13.61. The stock has a market capitalization of $1.56 billion, a PE ratio of 16.84 and a beta of 0.42. The company’s 50-day moving average is $10.06 and its two-hundred day moving average is $9.78.

Analyst Upgrades and Downgrades

Separately, UBS Group downgraded shares of Nihon Kohden from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

About Nihon Kohden

Nihon Kohden Corporation is a Japanese medical technology company that develops, manufactures and sells electronic medical equipment and related services. Founded in 1951, the company is headquartered in Tokyo, Japan.

Its products include patient monitors, electrocardiographs, defibrillators and other equipment used in emergency and critical care. Nihon Kohden also makes diagnostic systems for areas such as neurology and hematology, along with medical information systems and services that support clinical workflows.

The company serves healthcare providers in Japan and international markets through its overseas subsidiaries and distribution network.