Horiba (OTCMKTS:HRIBF) Stock Rating Lowered by Zacks Investment Research

Horiba (OTCMKTS:HRIBF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday, 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 HRIBF stock remained flat at $$58.42 during trading hours on Wednesday. The stock had a trading volume of 30 shares. Horiba has a one year low of $46.50 and a one year high of $69.00. The business’s fifty day simple moving average is $58.42 and its two-hundred day simple moving average is $56.90.

About Horiba

HORIBA, Ltd. provides a range of instruments and systems for automotive research and development (R&D), process and environmental monitoring, in-vitro medical diagnostics, semiconductor manufacturing, metrology, and scientific R&D and QC measurement applications. Its Automotive Test Systems segment offers emission measurement systems, in-use automotive emissions analyzers, driveline test systems, engine test and brake test systems, and intelligent transport systems; and provides engineering consultancy, test services and consultancy, and research and development facility leasing services.

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