Nihon Kohden (OTCMKTS:NHNKY) Stock Price Down 4.5% - Here's What Happened

Key Points

• Nihon Kohden's stock price fell 4.5% to $11.68, with trading volume significantly down to 263 shares, drastically less than its usual average of 5,581 shares.
• The company reported $0.01 earnings per share for the last quarter, with a revenue of $346.24 million and a return on equity of 6.74%.
• Nihon Kohden is engaged in developing and manufacturing medical electronic equipment, offering products such as patient monitoring systems and treatment equipment like defibrillators and pacemakers.

Nihon Kohden Corporation (OTCMKTS:NHNKY - Get Free Report)'s stock price dropped 4.5% on Wednesday . The stock traded as low as $11.68 and last traded at $11.68. Approximately 263 shares changed hands during trading, a decline of 95% from the average daily volume of 5,581 shares. The stock had previously closed at $12.23.

Nihon Kohden Trading Up 2.2%

The company has a market cap of $2.14 billion, a price-to-earnings ratio of 23.15 and a beta of 0.41. The company has a fifty day moving average price of $11.64 and a two-hundred day moving average price of $11.97.

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

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.

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