Horiba (OTCMKTS:HRIBF) Shares Gap Down – Here’s What Happened

Horiba Ltd. (OTCMKTS:HRIBF) shares 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 Performance

The stock has a market capitalization of $5.75 billion, a PE ratio of 20.79 and a beta of 0.21. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.11. The business has a 50 day moving average price of $162.47 and a 200 day moving average price of $146.25.

Horiba (OTCMKTS:HRIBF) last announced its quarterly earnings results on Friday, August 7th. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.73. The firm had revenue of $586.15 million for the quarter, compared to the consensus estimate of $549.25 million. Horiba had a return on equity of 13.36% and a net margin of 11.80%.

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.