Nihon Kohden (OTCMKTS:NHNKY) Shares Down 5.7% – Here’s What Happened

Nihon Kohden Corporation (OTCMKTS:NHNKY)’s share price dropped 5.7% during mid-day trading on Wednesday . The stock traded as low as $10.22 and last traded at $10.22. Approximately 4,740 shares were traded during trading, a decline of 49% from the average daily volume of 9,335 shares. The stock had previously closed at $10.84.

Nihon Kohden Stock Down 1.0%

The firm has a market capitalization of $1.83 billion, a PE ratio of 14.70 and a beta of 0.45. The business’s fifty day moving average price is $11.10 and its 200 day moving average price is $11.60.

Nihon Kohden (OTCMKTS:NHNKY) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.18 EPS for the quarter. Nihon Kohden had a return on equity of 9.28% and a net margin of 7.78%.The firm had revenue of $394.01 million during the quarter.

Nihon Kohden Company Profile

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.