Kobe Steel, Ltd. (KBSTY) Rating Lowered to Hold at Zacks Investment Research

Kobe Steel, Ltd. (NASDAQ:KBSTY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Kobe Steel, Ltd. is a steel manufacturer. The Iron and Steel segment manufactures and sells steel bars, stainless-steel products and titanium products. The company offers welding materials, welding robots, and conducts welding-related consulting business. The Aluminum and Copper segment offers rolled aluminum products, rolled copper products, aluminum alloy products, magnesium alloy products and others. The Machinery segment manufactures and sells various energy, chemical and nuclear power-related equipment. The Engineering segment conducts engineering works and provides new transportation systems. The Kobelco Eco-Solutions provides water treatment plants, chemical and food-related equipment. The Kobelco Construction Machinery segment offers hydraulic and mini excavators. The Kobelco Crane segment provides crawler cranes and rough terrain cranes. The others segment develops and leases real estate. “

Kobe Steel (KBSTY) opened at 4.00 on Wednesday. Kobe Steel has a 1-year low of $3.95 and a 1-year high of $6.26. The stock has a market capitalization of $2.90 billion and a price-to-earnings ratio of 77.67. The firm’s 50-day moving average is $5.84 and its 200 day moving average is $5.22.

TRADEMARK VIOLATION WARNING: “Kobe Steel, Ltd. (KBSTY) Rating Lowered to Hold at Zacks Investment Research” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on a

According to Zacks, “Kobe Steel, Ltd. is a steel manufacturer. The Iron and Steel segment manufactures and sells steel bars, stainless-steel products and titanium products. The company offers welding materials, welding robots, and conducts welding-related consulting business. The Aluminum and Copper segment offers rolled aluminum products, rolled copper products, aluminum alloy products, magnesium alloy products and others. The Machinery segment manufactures and sells various energy, chemical and nuclear power-related equipment. The Engineering segment conducts engineering works and provides new transportation systems. The Kobelco Eco-Solutions provides water treatment plants, chemical and food-related equipment. The Kobelco Construction Machinery segment offers hydraulic and mini excavators. The Kobelco Crane segment provides crawler cranes and rough terrain cranes. The others segment develops and leases real estate. “

Kobe Steel (KBSTY) opened at 4.00 on Wednesday. Kobe Steel has a 1-year low of $3.95 and a 1-year high of $6.26. The stock has a market capitalization of $2.90 billion and a price-to-earnings ratio of 77.67. The firm’s 50-day moving average is $5.84 and its 200 day moving average is $5.22.

TRADEMARK VIOLATION WARNING: “Kobe Steel, Ltd. (KBSTY) Rating Lowered to Hold at Zacks Investment Research” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://ledgergazette.com/2017/10/11/kobe-steel-ltd-kbsty-rating-lowered-to-hold-at-zacks-investment-research.html.

Kobe Steel Company Profile

Kobe Steel, Ltd. is a steel manufacturer. The Iron and Steel segment manufactures and sells steel bars, stainless-steel products and titanium products. The Welding segment offers welding materials, welding robots, and conducts welding-related consulting business. The Aluminum and Copper segment offers rolled aluminum products, rolled copper products, aluminum alloy products, magnesium alloy products and others.

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