Horiba (OTCMKTS:HRIBF) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research cut shares of Horiba (OTCMKTS:HRIBF) from a buy rating to a hold rating in a research report released on Wednesday, Zacks.com reports. Zacks Investment Research currently has $61.00 target price on the stock.

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. “

OTCMKTS HRIBF opened at $54.40 on Wednesday. Horiba has a 1-year low of $48.00 and a 1-year high of $62.50. The business has a 50 day moving average price of $54.40 and a 200 day moving average price of $52.24.

Horiba Company Profile

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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