Zacks Investment Research Downgrades Horiba (HRIBF) to Hold

Horiba (OTCMKTS:HRIBF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

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 opened at $61.03 on Wednesday, Marketbeat reports. Horiba has a twelve month low of $61.03 and a twelve month high of $61.03. The firm has a market capitalization of $2.60 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 1.27 and a beta of 2.04.

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