Horiba Ltd (HRIBF) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research downgraded shares of Horiba Ltd (NASDAQ:HRIBF) from a buy rating to a hold rating in a report issued on Friday morning.

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 (NASDAQ HRIBF) traded up 0.31% during midday trading on Friday, reaching $64.50. Horiba has a 12-month low of $37.70 and a 12-month high of $64.50. The firm has a market cap of $2.72 billion and a price-to-earnings ratio of 19.32.

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