Nihon Kohden (OTCMKTS:NHNKY) Shares Gap Up – What’s Next?

Shares of Nihon Kohden Corporation (OTCMKTS:NHNKY) gapped up before the market opened on Thursday . The stock had previously closed at $10.05, but opened at $10.85. Nihon Kohden shares last traded at $10.85, with a volume of 177 shares.

Analyst Ratings Changes

Separately, UBS Group cut 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, Based on data from MarketBeat.com, Nihon Kohden has an average rating of “Hold”.

Nihon Kohden Stock Performance

The stock’s 50-day moving average is $9.55 and its 200-day moving average is $9.37. The company has a current ratio of 3.98, a quick ratio of 2.46 and a debt-to-equity ratio of 0.12. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 18.61 and a beta of 0.36.

Nihon Kohden (OTCMKTS:NHNKY) last announced its quarterly earnings results 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 net margin of 5.90% and a return on equity of 9.17%. The business had revenue of $297.47 million for the quarter, compared to analyst estimates of $299.98 million. On average, analysts expect that Nihon Kohden Corporation will post 0.6 EPS for the current 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.