Horiba Ltd. (OTCMKTS:HRIBF – Get Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $157.64, but opened at $137.0001. Horiba shares last traded at $137.0001, with a volume of 140 shares.
Horiba Stock Down 13.1%
The firm has a market capitalization of $5.75 billion, a P/E ratio of 20.79 and a beta of 0.21. The company has a current ratio of 2.94, a quick ratio of 2.11 and a debt-to-equity ratio of 0.11. The stock’s 50-day simple moving average is $162.47 and its 200-day simple moving average is $146.25.
Horiba (OTCMKTS:HRIBF – Get Free Report) last issued its earnings results on Friday, August 7th. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.73. Horiba had a net margin of 11.80% and a return on equity of 13.36%. The firm had revenue of $586.15 million during the quarter, compared to analyst estimates of $549.25 million.
About Horiba
Horiba Ltd. is a diversified manufacturer specializing in precision instruments for measurement, analysis and process control. The company’s product portfolio spans a broad spectrum of industries, including automotive testing, environmental monitoring, semiconductor process engineering and medical diagnostics. By leveraging advanced sensing technologies and software integration, Horiba enables customers to obtain reliable data for research, development, compliance and quality assurance purposes.
In the automotive sector, Horiba offers dynamometers, emission measurement systems and powertrain testing equipment that help manufacturers and regulatory agencies evaluate fuel efficiency and exhaust emissions.
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