Kubota (OTCMKTS:KUBTY) Sees Large Volume Increase – Here’s Why

Shares of Kubota Corp. (OTCMKTS:KUBTY) saw unusually-high trading volume on Monday. 134,132 shares were traded during mid-day trading, an increase of 363% from the average daily volume of 28,963 shares. The stock last traded at $78.22 and had previously closed at $81.32.

Wall Street Analyst Weigh In

KUBTY has been the topic of a number of analyst reports. The Goldman Sachs Group cut shares of Kubota from a “strong-buy” rating to a “strong sell” rating in a research report on Sunday, October 4th. Morgan Stanley lowered shares of Kubota from an “equal weight” rating to an “underweight” rating in a report on Wednesday, September 30th. Finally, Zacks Research cut shares of Kubota from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Kubota Stock Performance

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.61 and a quick ratio of 1.23. The firm has a fifty day moving average price of $86.71 and a two-hundred day moving average price of $86.13. The stock has a market capitalization of $17.76 billion, a PE ratio of 10.29, a P/E/G ratio of 1.05 and a beta of 1.03.

Kubota (OTCMKTS:KUBTY) last issued its quarterly earnings results on Monday, November 9th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.56). Kubota had a return on equity of 9.12% and a net margin of 8.18%. Research analysts expect that Kubota Corp. will post 7.72 EPS for the current year.

About Kubota

Kubota Corporation is a Japanese manufacturer of machinery and infrastructure products. Founded in Osaka in 1890, the company began by producing cast-iron water pipes and has since expanded into agriculture, construction, and environmental systems.

Kubota’s products include tractors, combine harvesters, rice transplanters, farm implements, engines, and compact construction machinery. Its water and environmental businesses provide products and systems such as pipes, pumps, and water-treatment equipment.

Headquartered in Osaka, Kubota serves customers in Japan and international markets, including North America, Europe, and Asia.