Horiba (OTCMKTS:HRIBF) Reaches New 1-Year High – Time to Buy?

Shares of Horiba Ltd. (OTCMKTS:HRIBF) reached a new 52-week high on Wednesday . The stock traded as high as $125.00 and last traded at $125.00, with a volume of 180 shares traded. The stock had previously closed at $102.69.

Horiba Stock Up 21.7%

The firm’s 50-day moving average price is $108.19 and its 200 day moving average price is $91.60. The company has a current ratio of 3.38, a quick ratio of 2.37 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 21.37 and a beta of 0.26.

Horiba (OTCMKTS:HRIBF) last posted its earnings results on Thursday, February 12th. The company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.66. The firm had revenue of $654.78 million during the quarter, compared to analysts’ expectations of $655.14 million. Horiba had a net margin of 11.11% and a return on equity of 12.79%.

Horiba Company Profile

Horiba Ltd. is a diversified manufacturer specializing in precision instruments for measurement, analysis and process control. The company’s product portfolio spans a broad spectrum of industries, including automotive testing, environmental monitoring, semiconductor process engineering and medical diagnostics. By leveraging advanced sensing technologies and software integration, Horiba enables customers to obtain reliable data for research, development, compliance and quality assurance purposes.

In the automotive sector, Horiba offers dynamometers, emission measurement systems and powertrain testing equipment that help manufacturers and regulatory agencies evaluate fuel efficiency and exhaust emissions.