Horiba (OTCMKTS:HRIBF) Reaches New 12-Month High - Here's Why

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) shares hit a new 52-week high on Monday . The stock traded as high as $76.87 and last traded at $76.87, with a volume of 420 shares trading hands. The stock had previously closed at $73.11.

Horiba Price Performance

The company has a fifty day simple moving average of $63.39 and a two-hundred day simple moving average of $61.84. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.33 and a current ratio of 3.34. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 13.39 and a beta of 0.20.

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

Horiba Company Profile

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.