Horiba Ltd (HRIBF) Downgraded by Zacks Investment Research
Horiba Ltd (NASDAQ:HRIBF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “Horiba Ltd. engages in manufacture and sale of instruments and systems for industrial applications. Its operating segments include Automotive Test Systems, Process and Environmental Instruments, Semiconductor Instruments, Medical-Diagnostic Instruments and Systems and Scientific Instruments and Systems. The company operates primarily in America, Asia and Oceania, Japan and Europe. Horiba Ltd is engaged in Kyoto, Japan. “
Shares of Horiba (NASDAQ:HRIBF) traded up 0.31% during midday trading on Thursday, hitting $64.50. 700 shares of the stock were exchanged. Horiba has a 12-month low of $37.70 and a 12-month high of $64.50. The firm has a market capitalization of $2.72 billion and a price-to-earnings ratio of 19.52.
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