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

Horiba Ltd. (OTCMKTS:HRIBF) shares 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 trading hands.

Horiba Price Performance

The stock has a market capitalization of $4.79 billion, a P/E ratio of 17.31 and a beta of 0.27. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.14 and a current ratio of 2.93. The firm has a fifty day moving average price of $141.58 and a two-hundred day moving average price of $140.26.

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

Horiba Company Profile

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.