Nihon Kohden (OTCMKTS:NHNKY) Shares Gap Down – Should You Sell?

Nihon Kohden Corporation (OTCMKTS:NHNKY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $12.09, but opened at $10.6025. Nihon Kohden shares last traded at $10.71, with a volume of 1,330 shares.

Nihon Kohden Stock Down 5.2%

The stock has a fifty day moving average price of $11.84 and a two-hundred day moving average price of $11.94. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 19.26 and a beta of 0.40.

Nihon Kohden (OTCMKTS:NHNKY) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.18 earnings per share for the quarter. The company 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.