INNEOVA (NASDAQ:INEO) Issues Earnings Results

INNEOVA (NASDAQ:INEO) announced its earnings results on Friday. The company reported ($0.02) earnings per share for the quarter, FiscalAI reports.

INNEOVA Price Performance

NASDAQ INEO traded up $0.00 on Friday, reaching $0.63. The company had a trading volume of 59,991 shares, compared to its average volume of 163,222. INNEOVA has a 1-year low of $0.44 and a 1-year high of $2.10. The company’s fifty day moving average is $0.55 and its 200-day moving average is $0.61.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of INNEOVA in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

About INNEOVA

We are a Singapore-based provider of high-quality Original Equipment Manufacturer (“OEM”), third party branded and in-house branded replacement parts for motor vehicles and for non-vehicle combustion engines serving a number of industries. We distribute spare parts through operations primarily based in Singapore and global sales primarily generated from the Middle East and Asia. Through our On-Highway Business, we supply a wide range of genuine OEM and aftermarket parts for use in passenger and commercial vehicles bearing either the manufacturer’s brands or our in-house brands through SP Zone.