Komatsu (OTCMKTS:KMTUY) Sees Large Volume Increase – Here’s Why

Shares of Komatsu Ltd. (OTCMKTS:KMTUY) saw strong trading volume on Thursday . 312,140 shares traded hands during trading, an increase of 94% from the previous session’s volume of 161,148 shares.The stock last traded at $35.86 and had previously closed at $35.47.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Komatsu from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Komatsu presently has a consensus rating of “Hold”.

Komatsu Price Performance

The stock has a market cap of $33.30 billion, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 5.27 and a beta of 1.02. The company has a quick ratio of 1.13, a current ratio of 2.09 and a debt-to-equity ratio of 0.18. The business’s 50-day simple moving average is $32.92 and its two-hundred day simple moving average is $33.95.

Komatsu (OTCMKTS:KMTUY) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. Komatsu had a return on equity of 12.41% and a net margin of 10.25%.The firm had revenue of $6.45 billion for the quarter, compared to the consensus estimate of $6.56 billion. Sell-side analysts expect that Komatsu Ltd. will post 2.73 EPS for the current year.

About Komatsu

Komatsu Ltd. (OTCMKTS: KMTUY) is a Japanese multinational manufacturer of construction, mining and industrial equipment. Founded in the early 20th century in Komatsu, Ishikawa Prefecture, the company has grown into a global supplier of heavy machinery and related services for industries including construction, mining, forestry and infrastructure development.

Komatsu’s product lineup covers a broad range of mobile and stationary equipment, including hydraulic excavators, bulldozers, wheel loaders, rigid and articulated dump trucks, dozers, compact equipment, and specialized mining machines for both surface and underground operations.