Nihon Kohden (OTCMKTS:NHNKY) Stock Price Down 5.5% – Here’s Why

Nihon Kohden Corporation (OTCMKTS:NHNKY) dropped 5.5% on Tuesday . The stock traded as low as $11.07 and last traded at $12.52. Approximately 870 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 5,613 shares. The stock had previously closed at $13.25.

Nihon Kohden Stock Performance

The firm has a market capitalization of $2.12 billion, a P/E ratio of 22.10 and a beta of 0.37. The firm has a 50 day simple moving average of $12.15 and a two-hundred day simple moving average of $13.51.

Nihon Kohden (OTCMKTS:NHNKY) last announced its earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share (EPS) for the quarter. Nihon Kohden had a return on equity of 7.20% and a net margin of 6.23%. The firm had revenue of $439.11 million during the quarter.

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.