Kobe Steel, Ltd. (NASDAQ:KBSTY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Kobe Steel, Ltd. is a steel manufacturer. The Iron and Steel segment manufactures and sells steel bars, stainless-steel products and titanium products. The company offers welding materials, welding robots, and conducts welding-related consulting business. The Aluminum and Copper segment offers rolled aluminum products, rolled copper products, aluminum alloy products, magnesium alloy products and others. The Machinery segment manufactures and sells various energy, chemical and nuclear power-related equipment. The Engineering segment conducts engineering works and provides new transportation systems. The Kobelco Eco-Solutions provides water treatment plants, chemical and food-related equipment. The Kobelco Construction Machinery segment offers hydraulic and mini excavators. The Kobelco Crane segment provides crawler cranes and rough terrain cranes. The others segment develops and leases real estate. “

Shares of Kobe Steel (KBSTY) traded down 0.84% on Thursday, hitting $5.88. The company’s stock had a trading volume of 86 shares. The firm has a market cap of $4.26 billion and a price-to-earnings ratio of 115.29. The stock’s 50-day moving average price is $5.94 and its 200-day moving average price is $5.06. Kobe Steel has a 52 week low of $3.97 and a 52 week high of $6.27.

ILLEGAL ACTIVITY WARNING: “Kobe Steel, Ltd. (KBSTY) Downgraded to “Hold” at Zacks Investment Research” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/09/09/kobe-steel-ltd-kbsty-downgraded-to-hold-at-zacks-investment-research.html.

Kobe Steel Company Profile

Kobe Steel, Ltd. is a steel manufacturer. The Iron and Steel segment manufactures and sells steel bars, stainless-steel products and titanium products. The Welding segment offers welding materials, welding robots, and conducts welding-related consulting business. The Aluminum and Copper segment offers rolled aluminum products, rolled copper products, aluminum alloy products, magnesium alloy products and others.

Get a free copy of the Zacks research report on Kobe Steel (KBSTY)

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

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