Nihon Kohden (OTCMKTS:NHNKY) Stock Price Down 5.3% – Should You Sell?

Nihon Kohden Corporation (OTCMKTS:NHNKY) shares were down 5.3% on Friday . The company traded as low as $10.6060 and last traded at $10.6060. Approximately 667 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 28,829 shares. The stock had previously closed at $11.20.

Analyst Ratings Changes

Separately, UBS Group upgraded Nihon Kohden from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Nihon Kohden Price Performance

The firm has a market capitalization of $1.83 billion, a PE ratio of 14.69 and a beta of 0.37. The firm has a fifty day moving average price of $11.01 and a 200 day moving average price of $11.41.

Nihon Kohden (OTCMKTS:NHNKY) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.16 earnings per share (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 $362.86 million for the quarter.

About Nihon Kohden

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.