Nihon Kohden (OTCMKTS:NHNKY) Trading Up 4% – Here’s Why

Nihon Kohden Corporation (OTCMKTS:NHNKY) shares traded up 4% during mid-day trading on Friday . The stock traded as high as $9.94 and last traded at $9.78. 797 shares traded hands during trading, a decline of 97% from the average session volume of 29,036 shares. The stock had previously closed at $9.40.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised Nihon Kohden from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

Nihon Kohden Trading Down 2.7%

The stock has a market cap of $1.58 billion, a P/E ratio of 18.18 and a beta of 0.39. The company’s fifty day simple moving average is $10.95 and its 200-day simple moving average is $11.16.

Nihon Kohden (OTCMKTS:NHNKY) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.16 EPS for the quarter. The company had revenue of $362.86 million during the quarter. Nihon Kohden had a net margin of 5.32% and a return on equity of 7.25%.

About Nihon Kohden

Nihon Kohden Corporation is a Tokyo-based manufacturer of medical electronic equipment, founded in 1951. The company has built a reputation for innovation in patient monitoring and diagnostic systems, developing one of Japan’s earliest electrocardiogram (ECG) machines and pioneering transistor-based oscilloscopes for clinical use. Over the decades, Nihon Kohden has expanded its product portfolio to address a wide range of healthcare needs, from emergency response to intensive care and neurology.

The company’s core offerings include patient monitors, ECG and electroencephalograph (EEG) devices, defibrillators, infusion pumps, and neuromonitoring systems.