INNEOVA (NASDAQ:INEO) Shares Break Above Two Hundred Day Moving Average – Time to Sell?

INNEOVA Holdings Limited (NASDAQ:INEO) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $0.58 and traded as high as $0.5940. INNEOVA shares last traded at $0.59, with a volume of 10,484 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut INNEOVA from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, October 16th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, INNEOVA presently has an average rating of “Sell”.

INNEOVA Trading Up 3.5%

The business has a fifty day moving average of $0.56 and a 200-day moving average of $0.58. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.04 and a quick ratio of 0.61.

INNEOVA (NASDAQ:INEO) last announced its quarterly earnings results on Wednesday, October 14th. The company reported $0.01 EPS for the quarter. The business had revenue of $12.90 million for the quarter.

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.