Hino Motors (OTCMKTS:HINOY) Shares Gap Up – Here’s Why

Hino Motors Ltd. (OTCMKTS:HINOY) gapped up prior to trading on Monday . The stock had previously closed at $23.97, but opened at $25.7050. Hino Motors shares last traded at $25.7050, with a volume of 284 shares.

Hino Motors Stock Performance

The company’s fifty day simple moving average is $28.09 and its 200 day simple moving average is $26.11. The stock has a market capitalization of $1.48 billion, a P/E ratio of 2.84 and a beta of -0.26. The company has a current ratio of 0.82, a quick ratio of 0.51 and a debt-to-equity ratio of 0.07.

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 the consensus estimate of $1.66 by ($0.50). Hino Motors had a return on equity of 16.23% and a net margin of 4.99%.The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.62 billion.

About Hino Motors

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.