Hitachi Kokusai Electric Inc (HTKKY) Cut to “Hold” at Zacks Investment Research

Hitachi Kokusai Electric Inc (NASDAQ:HTKKY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Hitachi Kokusai Electric Inc. engages in the development of semiconductor manufacturing, broadcasting, video and communication systems. It operating segment consists of Video and Wireless Network Solutions; Eco and Thin Film Processing Solutions and Others. Video and Wireless Network Solutions segment manufactures wireless communication systems, information solutions, broadcasting systems, surveillance cameras and industrial video cameras. Eco and Thin Film Processing Solutions segment includes semiconductor manufacturing equipment. Others segment deals with facilities management, printing and temporary staffing services. Hitachi Kokusai Electric Inc. is headquartered in Tokyo, Japan. “

Hitachi Kokusai Electric (HTKKY) traded up 1.13% during midday trading on Tuesday, hitting $45.53. The stock had a trading volume of 1,000 shares. Hitachi Kokusai Electric has a 12-month low of $44.25 and a 12-month high of $47.50. The stock has a market capitalization of $2.34 billion and a price-to-earnings ratio of 34.86.

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