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

Horiba Ltd. (OTCMKTS:HRIBF)’s stock 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 firm has a 50 day moving average of $139.65 and a 200-day moving average of $140.38. The company has a market cap of $4.79 billion, a P/E ratio of 17.31 and a beta of 0.27. The company has a quick ratio of 2.14, a current ratio of 2.93 and a debt-to-equity ratio of 0.11.

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

About Horiba

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.