Nihon Kohden (OTCMKTS:NHNKY) Trading Down 5.5% - Here's Why

Nihon Kohden Corporation (OTCMKTS:NHNKY - Get Free Report) shares fell 5.5% on Friday . The stock traded as low as $11.79 and last traded at $11.79. 274 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 5,641 shares. The stock had previously closed at $12.48.

Nihon Kohden Stock Down 9.0%

The stock has a market capitalization of $1.94 billion, a P/E ratio of 20.29 and a beta of 0.35. The firm's 50 day simple moving average is $12.19 and its two-hundred day simple moving average is $13.33.

Nihon Kohden (OTCMKTS:NHNKY - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share for the quarter. Nihon Kohden had a return on equity of 7.20% and a net margin of 6.23%. The business had revenue of $439.11 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.