Nihon Kohden (OTCMKTS:NHNKY) Stock Price Down 4.6% – Here’s What Happened

Nihon Kohden Corporation (OTCMKTS:NHNKY)’s share price dropped 4.6% on Tuesday . The stock traded as low as $9.55 and last traded at $9.7850. Approximately 4,290 shares traded hands during trading, a decline of 31% from the average daily volume of 6,198 shares. The stock had previously closed at $10.2550.

Nihon Kohden Trading Down 3.6%

The firm’s fifty day moving average price is $11.54 and its 200-day moving average price is $11.79. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 18.31 and a beta of 0.40.

Nihon Kohden (OTCMKTS:NHNKY) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.18 earnings per share for the quarter. The firm had revenue of $394.01 million for the quarter. Nihon Kohden had a net margin of 5.77% and a return on equity of 6.74%.

About Nihon Kohden

Nihon Kohden Corporation engages in development, manufacturing, sale, maintenance, and consultation of medical electronic equipment, and related systems and products in Japan, Americas, Europe, rest of Asia, and internationally. It offers physiological measuring equipment comprising electrocardiographs, electroencephalographs, and polygraphs for Cath-labs; patient monitoring systems, such as beside and central monitors; and treatment equipment including defibrillators, automated external defibrillators, ventilators, and pacemakers.