Nihon Kohden (OTCMKTS:NHNKY) Stock Price Breaks Below 200 Day Moving Average on Disappointing Earnings

Shares of Nihon Kohden Corporation (OTCMKTS:NHNKY) passed below its 200-day moving average during trading on Tuesday after the company announced weaker than expected quarterly earnings. The stock has a 200-day moving average of $9.77 and traded as low as $9.26. Nihon Kohden shares last traded at $9.40, with a volume of 5,998 shares trading hands.

The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). Nihon Kohden had a return on equity of 9.17% and a net margin of 5.90%.

Analyst Upgrades and Downgrades

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

Nihon Kohden Stock Down 6.8%

The business’s fifty day moving average is $10.07 and its two-hundred day moving average is $9.77. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.64 and a current ratio of 3.98. The company has a market cap of $1.58 billion, a P/E ratio of 17.09 and a beta of 0.42.

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.