Horiba (OTCMKTS:HRIBF) Shares Gap Up – Here’s Why

Horiba Ltd. (OTCMKTS:HRIBF)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $111.8650, but opened at $132.50. Horiba shares last traded at $132.50, with a volume of 169 shares.

Horiba Stock Performance

The company has a quick ratio of 2.18, a current ratio of 2.99 and a debt-to-equity ratio of 0.11. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 22.65 and a beta of 0.20. The company’s 50-day simple moving average is $121.06 and its 200-day simple moving average is $104.50.

Horiba (OTCMKTS:HRIBF) last posted its quarterly earnings results on Thursday, February 12th. The company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.66. The firm had revenue of $654.78 million for the quarter, compared to analyst estimates of $655.14 million. Horiba had a net margin of 11.11% and a return on equity of 12.27%.

Horiba Company Profile

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.