Horiba Ltd. (OTCMKTS:HRIBF – Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 91,089 shares, a drop of 39.4% from the September 15th total of 150,400 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days. Approximately 0.2% of the company’s shares are sold short.
Horiba Price Performance
Horiba stock remained flat at $137.00 during trading on Friday. Horiba has a 52 week low of $73.11 and a 52 week high of $166.67. The business’s 50 day moving average price is $148.72 and its 200 day moving average price is $149.36. The firm has a market cap of $5.75 billion, a PE ratio of 20.79 and a beta of 0.23. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.93 and a quick ratio of 2.14.
Horiba (OTCMKTS:HRIBF – Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.73. The company had revenue of $586.15 million for the quarter, compared to the consensus estimate 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 analytical and measurement systems. The company develops instruments, equipment and related services used to measure and analyze physical and chemical properties across industrial, scientific and medical applications.
Its principal business areas include automotive testing systems, environmental and process monitoring equipment, medical and healthcare analyzers, semiconductor and materials measurement systems, and scientific instruments. HORIBA’s products are used in applications such as vehicle emissions and powertrain testing, water and air quality monitoring, laboratory analysis, clinical diagnostics, and research and development.
Founded in Kyoto, Japan, HORIBA has expanded its operations and customer base internationally.
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