Hino Motors (OTCMKTS:HINOY) Shares Gap Down – Here’s What Happened

Shares of Hino Motors Ltd. (OTCMKTS:HINOY) gapped down before the market opened on Tuesday . The stock had previously closed at $25.7050, but opened at $23.7950. Hino Motors shares last traded at $27.12, with a volume of 705 shares trading hands.

Hino Motors Price Performance

The firm has a market capitalization of $1.56 billion, a P/E ratio of 3.00 and a beta of -0.17. The stock’s fifty day simple moving average is $27.90 and its 200 day simple moving average is $26.25. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.82 and a quick ratio of 0.51.

Hino Motors (OTCMKTS:HINOY) last released its quarterly earnings results on Thursday, January 29th. The company reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.50). Hino Motors had a net margin of 4.99% and a return on equity of 16.23%. The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.62 billion.

Hino Motors Company Profile

Hino Motors, Ltd. is a Japan-based manufacturer specializing in the production of commercial vehicles and diesel engines. A member of the Toyota Group, Hino develops, assembles and sells medium- and heavy-duty trucks, buses and related components for customers in diverse transportation, logistics and municipal sectors. The company’s product lineup spans light trucks and vans up to large long-haul tractor-trailers, alongside a range of diesel powertrains designed for reliability and fuel efficiency.

Founded in 1942 as Diesel Motor Industry Co, Ltd., Hino Motors has evolved through decades of engineering innovation and strategic partnerships.