Horiba Ltd (NASDAQ:HRIBF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

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. “

Horiba (HRIBF) remained flat at $64.50 on Tuesday. 224 shares of the stock traded hands. Horiba has a one year low of $64.50 and a one year high of $64.50. The firm has a market capitalization of $2.72 billion and a price-to-earnings ratio of 19.32.

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