INNEOVA Holdings Limited (NASDAQ:INEO – Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 514 shares, a decrease of 97.1% from the September 30th total of 17,986 shares. Based on an average daily volume of 55,603 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.
INNEOVA Stock Down 1.2%
INEO traded down $0.01 on Monday, reaching $0.57. The stock had a trading volume of 2,345 shares, compared to its average volume of 38,962. The business’s 50-day moving average price is $0.56 and its two-hundred day moving average price is $0.58. INNEOVA has a 12-month low of $0.44 and a 12-month high of $0.91. The company has a quick ratio of 0.61, a current ratio of 1.04 and a debt-to-equity ratio of 0.49.
INNEOVA (NASDAQ:INEO – Get Free Report) last posted its earnings results on Wednesday, October 14th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $12.90 million for the quarter.
Analyst Ratings Changes
Separately, Weiss Ratings cut shares of INNEOVA from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, October 16th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.
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INNEOVA Company Profile
We are a Singapore-based provider of high-quality Original Equipment Manufacturer (“OEM”), third party branded and in-house branded replacement parts for motor vehicles and for non-vehicle combustion engines serving a number of industries. We distribute spare parts through operations primarily based in Singapore and global sales primarily generated from the Middle East and Asia. Through our On-Highway Business, we supply a wide range of genuine OEM and aftermarket parts for use in passenger and commercial vehicles bearing either the manufacturer’s brands or our in-house brands through SP Zone.
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