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

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. “

Shares of Barloworld Limited (NASDAQ:BRRAY) opened at 6.05 on Tuesday. The firm has a 50-day moving average of $6.05 and a 200-day moving average of $5.39. Barloworld Limited has a 12 month low of $3.45 and a 12 month high of $6.72. The company has a market capitalization of $1.28 billion and a P/E ratio of 10.24.

About Barloworld Limited

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