Horiba (OTCMKTS:HRIBF) Shares Gap Down – What’s Next?

Horiba Ltd. (OTCMKTS:HRIBF – Get Free Report)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $162.47, but opened at $114.08. Horiba shares last traded at $114.08, with a volume of 100 shares traded.

Horiba Stock Performance

The business’s 50-day moving average price is $141.58 and its 200-day moving average price is $140.26. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.14 and a current ratio of 2.93. The stock has a market cap of $4.79 billion, a P/E ratio of 17.31 and a beta of 0.27.

Horiba (OTCMKTS:HRIBF – Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.73. Horiba had a return on equity of 13.28% and a net margin of 11.80%. The business had revenue of $586.15 million during the quarter, compared to analysts’ expectations of $549.25 million.

Horiba Company Profile

(Get Free Report)

HORIBA, Ltd. is a Japan-based manufacturer of measurement and analysis systems. The company develops instruments and related services used to measure physical and chemical properties across automotive, environmental, medical, semiconductor, and scientific research applications.

Its products include automotive emissions analyzers, engine and drivetrain testing systems, environmental monitoring equipment, process control instruments, semiconductor manufacturing tools, particle and elemental analyzers, blood cell counters, and other medical testing systems.

Further Reading

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