Nihon Kohden (OTCMKTS:NHNKY) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Nihon Kohden Corporation experienced a significant increase in trading volume, with approximately 31,517 shares traded, marking a 471% rise from the prior session.
• The stock is currently priced at $11.77, with a market capitalization of $2.03 billion and a P/E ratio of 21.95.
• In its latest quarterly report, Nihon Kohden posted earnings of $0.01 per share and revenue of $346.24 million.

Nihon Kohden Corporation (OTCMKTS:NHNKY - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 31,517 shares changed hands during trading, an increase of 471% from the previous session's volume of 5,518 shares.The stock last traded at $11.77 and had previously closed at $11.62.

Nihon Kohden Trading Down 1.6%

The stock's 50-day moving average is $11.68 and its 200-day moving average is $12.40. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 21.54 and a beta of 0.40.

Nihon Kohden (OTCMKTS:NHNKY - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $346.24 million during 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.