HORIBA (OTCMKTS:HRIBF) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research lowered shares of HORIBA (OTCMKTS:HRIBFGet Rating) from a buy rating to a hold rating in a report released on Monday morning, Zacks.com reports.

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. “

HRIBF remained flat at $$55.25 during midday trading on Monday. 502 shares of the company’s stock were exchanged, compared to its average volume of 826. The company’s fifty day moving average price is $57.54 and its 200-day moving average price is $61.13. HORIBA has a one year low of $55.25 and a one year high of $55.25.

HORIBA Company Profile (Get Rating)

HORIBA, Ltd. manufactures and sells instruments and systems for various applications. It operates in five segments: Automotive, Process & Environmental, Medical-Diagnostic, Semiconductor, and Scientific. The Automotive segment offers automotive emission analyzers, emission measurement systems, drive line test systems, engine test and fuel cell test systems, and battery test systems; test systems for engines, chassis, powertrains, brakes, and catalysts; and vehicle development engineering and testing engineering services, as well as leases and manages R&D facilities.

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