INNEOVA (NASDAQ:INEO) Stock Price Down 0.8% – Here’s Why

INNEOVA Holdings Limited (NASDAQ:INEO)’s share price dropped 0.8% during mid-day trading on Friday . The company traded as low as $0.63 and last traded at $0.63. Approximately 32,271 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 108,405 shares. The stock had previously closed at $0.6352.

Analysts Set New Price Targets

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

INNEOVA Stock Down 0.8%

The company has a 50-day moving average price of $0.56 and a two-hundred day moving average price of $0.61.

INNEOVA (NASDAQ:INEO) last announced its earnings results on Friday, May 15th. The company reported ($0.02) EPS for the quarter.

INNEOVA Company Profile

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.