INNEOVA (NASDAQ:INEO) Posts Quarterly Earnings Results

INNEOVA (NASDAQ:INEO) released its earnings results on Wednesday. The company reported $0.01 EPS for the quarter, FiscalAI reports. The firm had revenue of $12.90 million during the quarter.

INNEOVA Stock Down 6.1%

Shares of NASDAQ INEO opened at $0.54 on Friday. INNEOVA has a fifty-two week low of $0.44 and a fifty-two week high of $1.20. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 1.02. The company’s 50 day simple moving average is $0.57 and its 200 day simple moving average is $0.60.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of INNEOVA in a report on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, INNEOVA presently has a consensus rating of “Sell”.

About INNEOVA

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.