Nihon Kohden (OTCMKTS:NHNKY) Shares Gap Up - Still a Buy?

Key Points

• Nihon Kohden's stock price gapped up from $11.61 to $12.41 prior to trading on Thursday, reflecting a 2.9% increase.
• The company reported a net margin of 5.77% and a return on equity of 6.74% with earnings of $0.01 per share and revenue of $346.24 million for the last quarter.
• Nihon Kohden specializes in developing and manufacturing medical electronic equipment and related systems, operating in markets including Japan, the Americas, and Europe.

Nihon Kohden Corporation (OTCMKTS:NHNKY - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $11.61, but opened at $12.41. Nihon Kohden shares last traded at $12.41, with a volume of 192 shares changing hands.

Nihon Kohden Stock Up 2.9%

The company's fifty day moving average is $11.59 and its two-hundred day moving average is $12.06. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 22.13 and a beta of 0.41.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.