Barloworld Limited (NASDAQ:BRRAY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Barlow LTD is an international industrial brand management company that achieves durability in business through long-term value creation. Barlow represents many of the world’s greatest brands in the marketplace. They provide the vital link between manufacturer and customer. They add value through sales, deliver after-market support and provide total solutions to their customers’ needs. Their brands include Caterpillar, Hyster, Perkins, Ditch Witch and many of the world’s leading automotive brands. “

Barloworld Limited (NASDAQ:BRRAY) remained flat at $6.05 during mid-day trading on Tuesday. The firm has a market cap of $1.28 billion and a price-to-earnings ratio of 10.24. Barloworld Limited has a 52 week low of $3.45 and a 52 week high of $6.72. The firm has a 50-day moving average price of $6.05 and a 200-day moving average price of $5.39.

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