Horiba (OTCMKTS:HRIBF) Shares Gap Down – Here’s Why

Horiba Ltd. (OTCMKTS:HRIBF)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $157.64, but opened at $137.0001. Horiba shares last traded at $137.0001, with a volume of 140 shares trading hands.

Horiba Stock Performance

The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 20.79 and a beta of 0.21. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.11. The firm has a fifty day simple moving average of $161.45 and a two-hundred day simple moving average of $146.60.

Horiba (OTCMKTS:HRIBF) last posted its quarterly earnings data on Friday, August 7th. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.73. The firm 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 13.36%.

About Horiba

HORIBA, Ltd. is a Japan-based manufacturer of measurement and analysis systems. The company develops instruments, equipment and software used to measure physical and chemical properties across a range of industrial, scientific and healthcare applications.

Its automotive products include emissions measurement systems, engine and powertrain testing equipment, fuel-cell and battery evaluation systems, and vehicle testing solutions. HORIBA also supplies process and environmental monitoring instruments for measuring gases, water quality, particles and other industrial conditions.

In the semiconductor and scientific fields, the company provides metrology and process-control equipment, elemental analyzers, particle-size analyzers, spectroscopic instruments and related research tools.