INNEOVA (NASDAQ:INEO) Trading Down 0.6% – Here’s What Happened

Shares of INNEOVA Holdings Limited (NASDAQ:INEO) fell 0.6% during mid-day trading on Thursday . The stock traded as low as $0.63 and last traded at $0.6614. 1,051,872 shares changed hands during trading, an increase of 1,474% from the average daily volume of 66,825 shares. The stock had previously closed at $0.6655.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of INNEOVA in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

INNEOVA Stock Performance

The business has a 50-day moving average of $0.62 and a two-hundred day moving average of $0.58. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 1.02.

INNEOVA (NASDAQ:INEO) last announced its earnings results on Friday, May 15th. The company reported ($0.03) EPS for 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.