INNEOVA (NASDAQ:INEO) Announces Quarterly Earnings Results

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

INNEOVA Trading Up 2.0%

INNEOVA stock traded up $0.01 during trading hours on Wednesday, reaching $0.58. The stock had a trading volume of 4,931 shares, compared to its average volume of 201,352. The company has a fifty day simple moving average of $0.57 and a 200-day simple moving average of $0.60. INNEOVA has a 52 week low of $0.44 and a 52 week high of $1.20. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.02 and a quick ratio of 0.58.

Analysts Set New Price Targets

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