INNEOVA (NASDAQ:INEO) Posts Earnings Results

INNEOVA (NASDAQ:INEO) posted its quarterly earnings data on Friday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, reports.

INNEOVA Stock Performance

INEO traded up $0.00 during trading on Thursday, hitting $0.67. The company’s stock had a trading volume of 58,030 shares, compared to its average volume of 87,045. INNEOVA has a 12 month low of $0.44 and a 12 month high of $1.44. The firm’s 50 day moving average price is $0.61 and its two-hundred day moving average price is $0.58. The company has a current ratio of 1.02, a quick ratio of 0.58 and a debt-to-equity ratio of 0.25.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of INNEOVA in a research report on Friday, April 10th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, INNEOVA has an average rating of “Sell”.

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.