Zacks Investment Research downgraded shares of Barloworld Limited (NASDAQ:BRRAY) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

According to Zacks, “Barlow LTD is an international industrial brand management company that achieves durability in business through long-term value creation. Barlow represents many of the world’s greatest brands in the marketplace. They provide the vital link between manufacturer and customer. They add value through sales, deliver after-market support and provide total solutions to their customers’ needs. Their brands include Caterpillar, Hyster, Perkins, Ditch Witch and many of the world’s leading automotive brands. “

Barloworld Limited (NASDAQ:BRRAY) opened at 6.05 on Tuesday. The company has a market cap of $1.28 billion and a PE ratio of 10.24. Barloworld Limited has a 12-month low of $3.45 and a 12-month high of $6.72. The firm’s 50-day moving average price is $6.05 and its 200-day moving average price is $5.39.

About Barloworld Limited

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