Nihon Kohden (OTCMKTS:NHNKY) Shares Down 3.6% - Here's Why

Key Points

• Nihon Kohden's stock price declined by 3.6%, closing at $11.56 after trading as low as $11.48.
• The company reported a quarterly revenue of $346.24 million with an earnings per share (EPS) of $0.01, resulting in a return on equity of 6.74%.
• Nihon Kohden has a market capitalization of $2.02 billion and a P/E ratio of 21.87, with its stock exhibiting lower trading volume—approximately 657 shares—which is an 88% decrease from its average daily volume.

Nihon Kohden Corporation (OTCMKTS:NHNKY - Get Free Report)'s share price fell 3.6% on Thursday . The company traded as low as $11.48 and last traded at $11.56. 657 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 5,682 shares. The stock had previously closed at $11.99.

Nihon Kohden Stock Up 0.8%

The company's 50 day simple moving average is $11.68 and its 200-day simple moving average is $12.35. The firm has a market cap of $2.00 billion, a P/E ratio of 21.71 and a beta of 0.40.

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