Horiba Ltd. (OTCMKTS:HRIBF – Get Free Report) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 91,089 shares, a decline of 39.4% from the September 15th total of 150,400 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.
Horiba Price Performance
OTCMKTS:HRIBF remained flat at $137.00 during midday trading on Friday. Horiba has a 52 week low of $73.11 and a 52 week high of $166.67. The firm has a 50 day moving average price of $148.21 and a 200-day moving average price of $149.28. The company has a current ratio of 2.93, a quick ratio of 2.14 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $5.75 billion, a PE ratio of 20.79 and a beta of 0.23.
Horiba (OTCMKTS:HRIBF – Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.73. The business had revenue of $586.15 million for the quarter, compared to analyst estimates 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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