Nihon Kohden Corporation (OTCMKTS:NHNKY – Get Free Report) shares gapped up before the market opened on Friday following a better than expected earnings announcement. The stock had previously closed at $8.71, but opened at $9.3125. Nihon Kohden shares last traded at $9.3075, with a volume of 1,426 shares.
The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.28. Nihon Kohden had a return on equity of 7.25% and a net margin of 5.32%.The business had revenue of $453.10 million for the quarter, compared to analyst estimates of $414.40 million.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. UBS Group raised shares of Nihon Kohden from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Zacks Research upgraded Nihon Kohden to a “hold” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.
Nihon Kohden Trading Up 6.8%
The stock has a 50 day moving average price of $9.46 and a two-hundred day moving average price of $10.51. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 18.24 and a beta of 0.41.
About Nihon Kohden
Nihon Kohden Corporation is a Tokyo-based manufacturer of medical electronic equipment, founded in 1951. The company has built a reputation for innovation in patient monitoring and diagnostic systems, developing one of Japan’s earliest electrocardiogram (ECG) machines and pioneering transistor-based oscilloscopes for clinical use. Over the decades, Nihon Kohden has expanded its product portfolio to address a wide range of healthcare needs, from emergency response to intensive care and neurology.
The company’s core offerings include patient monitors, ECG and electroencephalograph (EEG) devices, defibrillators, infusion pumps, and neuromonitoring systems.
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