Horiba Ltd (HRIBF) Downgraded to Hold at Zacks Investment Research

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

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 Horiba (NASDAQ HRIBF) opened at 64.50 on Thursday. The company has a market cap of $2.72 billion and a P/E ratio of 19.41. Horiba has a 12 month low of $37.70 and a 12 month high of $64.50.

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