Horiba (OTCMKTS:HRIBF) Hits New 52-Week High – Time to Buy?

Horiba Ltd. (OTCMKTS:HRIBF)’s stock price reached a new 52-week high during mid-day trading 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 Price Performance

The firm’s fifty day moving average is $109.09 and its two-hundred day moving average is $92.50. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.38 and a quick ratio of 2.37. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 21.37 and a beta of 0.26.

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

About Horiba

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.