Obic Co Ltd (NASDAQ:OBIIF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

According to Zacks, “OBIC Co., Ltd provides system integration services, system support services, office automation services, and package software services. It also sells, leases and develops computers, peripherals, related systems and customized software. OBIC Co., Ltd is headquartered in Tokyo, Japan. “

Obic Co (OBIIF) traded down 15.38% during mid-day trading on Friday, reaching $45.10. 200 shares of the company’s stock were exchanged. Obic Co has a 1-year low of $45.10 and a 1-year high of $45.10.

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