Horiba (OTCMKTS:HRIBF) Hits New 52-Week High - Still a Buy?

Key Points

• Horiba Ltd. reached a new 52-week high of $76.87 during trading, marking a significant increase from its previous close of $73.11.
• The company reported earnings per share (EPS) of $1.27 for the last quarter, exceeding analysts' expectations by $0.22, alongside a net margin of 11.19% and a return on equity of 12.50%.
• Horiba maintains a market capitalization of $3.22 billion, with a price-to-earnings ratio of 13.39 and a low debt-to-equity ratio of 0.18.

Horiba Ltd. (OTCMKTS:HRIBF - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $76.87 and last traded at $76.87, with a volume of 420 shares changing hands. The stock had previously closed at $73.11.

Horiba Stock Performance

The stock has a market cap of $3.22 billion, a P/E ratio of 12.90 and a beta of 0.20. The company has a current ratio of 3.34, a quick ratio of 2.33 and a debt-to-equity ratio of 0.18. The stock's fifty day moving average price is $63.39 and its 200 day moving average price is $61.84.

Horiba (OTCMKTS:HRIBF - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.22. Horiba had a return on equity of 12.50% and a net margin of 11.19%.The firm had revenue of $534.76 million during the quarter, compared to the consensus estimate of $533.30 million.

About Horiba

HORIBA, Ltd. manufactures and sells instruments and systems worldwide. The company operates in five segments: Automotive, Environment/Process, Medical, Semiconductor, and Scientific. The Automotive segment offers engine emission measurement devices; in-use vehicle emission measurement devices; on-board emission measurement devices; in-vehicle exhaust gas measuring devices; driveline test systems; engine test systems; brake test systems; fuel cell test devices; battery test devices; and vehicle development engineering and test engineering services, as well as leases and manages research and development facilities.