Nihon Kohden (OTCMKTS:NHNKY) Shares Gap Up – Still a Buy?

Nihon Kohden Corporation (OTCMKTS:NHNKY) gapped up prior to trading on Friday. The stock had previously closed at $10.0250, but opened at $10.50. Nihon Kohden shares last traded at $10.50, with a volume of 1,110 shares.

Analyst Ratings Changes

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

Nihon Kohden Stock Up 4.2%

The company has a quick ratio of 2.64, a current ratio of 3.98 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.76 billion, a P/E ratio of 19.09 and a beta of 0.36. The business’s 50 day moving average is $9.64 and its 200 day moving average is $9.36.

Nihon Kohden (OTCMKTS:NHNKY) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.09). Nihon Kohden had a return on equity of 9.17% and a net margin of 5.90%.The company had revenue of $297.47 million for the quarter, compared to analysts’ expectations of $299.98 million. As a group, equities analysts anticipate that Nihon Kohden Corporation will post 0.6 earnings per share for the current fiscal year.

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 focuses on technologies used to monitor, diagnose and support patients across hospitals and other healthcare settings.

Its product portfolio includes patient monitoring systems, electrocardiographs, electroencephalographs, defibrillators, automated external defibrillators, ventilators and other critical-care equipment.