INNEOVA (NASDAQ:INEO – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $12.90 million during the quarter.
INNEOVA Stock Performance
INEO stock opened at $0.58 on Thursday. INNEOVA has a 52 week low of $0.44 and a 52 week high of $1.20. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 0.58. The firm has a 50-day simple moving average of $0.57 and a 200-day simple moving average of $0.60.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of INNEOVA in a research note on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average 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.
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