Nihon Kohden (OTCMKTS:NHNKY) Shares Gap Down - Here's Why

Key Points

• Nihon Kohden Corporation shares gapped down from $11.86 to $11.53 at market open, trading at this price with low volume of 161 shares.
• The company reported a quarterly revenue of $346.24 million and an earnings per share (EPS) of $0.01, with a return on equity of 6.74% and a net margin of 5.77%.
• Nihon Kohden operates in the medical electronic equipment sector, producing items such as patient monitoring systems, defibrillators, and ventilators across global markets.

Nihon Kohden Corporation (OTCMKTS:NHNKY - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $11.86, but opened at $11.53. Nihon Kohden shares last traded at $11.53, with a volume of 161 shares changing hands.

Nihon Kohden Price Performance

The firm has a market cap of $1.99 billion, a PE ratio of 21.54 and a beta of 0.40. The firm has a 50-day simple moving average of $11.68 and a 200 day simple moving average of $12.40.

Nihon Kohden (OTCMKTS:NHNKY - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $346.24 million during the quarter. Nihon Kohden had a return on equity of 6.74% and a net margin of 5.77%.

Nihon Kohden Company Profile

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.