INNEOVA (NASDAQ:INEO) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

INNEOVA Holdings Limited (NASDAQ:INEO)’s stock price passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $0.58 and traded as high as $0.5920. INNEOVA shares last traded at $0.59, with a volume of 3,421 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of INNEOVA from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, October 16th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has an average rating of “Sell”.

INNEOVA Stock Performance

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.04 and a quick ratio of 0.61. The business’s fifty day simple moving average is $0.56 and its 200-day simple moving average is $0.58.

INNEOVA (NASDAQ:INEO) last issued its quarterly earnings data on Wednesday, October 14th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $12.90 million during the quarter.

INNEOVA Company Profile

We are a Singapore-based provider of high-quality Original Equipment Manufacturer (“OEM”), third party branded and in-house branded replacement parts for motor vehicles and for non-vehicle combustion engines serving a number of industries. We distribute spare parts through operations primarily based in Singapore and global sales primarily generated from the Middle East and Asia. Through our On-Highway Business, we supply a wide range of genuine OEM and aftermarket parts for use in passenger and commercial vehicles bearing either the manufacturer’s brands or our in-house brands through SP Zone.