Nihon Kohden (OTCMKTS:NHNKY) Shares Gap Down After Earnings Miss

Nihon Kohden Corporation (OTCMKTS:NHNKY) shares gapped down prior to trading on Tuesday following a weaker than expected earnings announcement. The stock had previously closed at $9.92, but opened at $9.3364. Nihon Kohden shares last traded at $9.3364, with a volume of 192 shares.

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 net margin of 5.90% and a return on equity of 9.17%.

Wall Street Analysts Forecast Growth

Separately, UBS Group downgraded Nihon Kohden from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Nihon Kohden Trading Down 5.9%

The firm has a market cap of $1.57 billion, a P/E ratio of 16.98 and a beta of 0.42. The firm’s 50-day simple moving average is $10.06 and its 200 day simple moving average is $9.78. The company has a quick ratio of 2.64, a current ratio of 3.98 and a debt-to-equity ratio of 0.12.

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.

The company serves healthcare providers in Japan and international markets through its overseas subsidiaries and distribution network.