Horiba (OTCMKTS:HRIBF) Shares Gap Down – Here’s Why

Shares of Horiba Ltd. (OTCMKTS:HRIBFGet Free Report) gapped down before the market opened on Friday . The stock had previously closed at $92.00, but opened at $87.00. Horiba shares last traded at $87.00, with a volume of 220 shares.

Horiba Stock Down 5.4%

The firm has a fifty day simple moving average of $82.40 and a 200 day simple moving average of $70.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.37 and a current ratio of 3.38. The company has a market cap of $3.65 billion, a PE ratio of 15.16 and a beta of 0.23.

Horiba Company Profile

(Get Free Report)

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.

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