HORIBA (OTCMKTS:HRIBF) Downgraded by Zacks Investment Research

HORIBA (OTCMKTS:HRIBFGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday, 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. “

Shares of OTCMKTS HRIBF remained flat at $$55.25 during midday trading on Monday. 502 shares of the company traded hands, compared to its average volume of 826. HORIBA has a 12-month low of $55.25 and a 12-month high of $55.25. The firm has a fifty day simple moving average of $57.54 and a 200-day simple moving average of $61.13.

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.

Read More

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