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.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/09/09/horiba-ltd-hribf-downgraded-by-zacks-investment-research.html.

Get a free copy of the Zacks research report on Horiba (HRIBF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Horiba Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horiba Ltd and related companies with MarketBeat.com's FREE daily email newsletter.