Kubota (OTCMKTS:KUBTY) Shares Gap Down – What’s Next?

Kubota Corp. (OTCMKTS:KUBTY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $68.37, but opened at $64.55. Kubota shares last traded at $64.45, with a volume of 12,593 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on KUBTY shares. Zacks Research cut shares of Kubota from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 16th. The Goldman Sachs Group upgraded Kubota from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Kubota has a consensus rating of “Hold”.

Kubota Price Performance

The firm has a market capitalization of $14.86 billion, a PE ratio of 12.79 and a beta of 0.98. The company has a current ratio of 1.75, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average price of $65.12 and a two-hundred day moving average price of $59.93.

Kubota (OTCMKTS:KUBTY) last released its quarterly earnings results on Friday, November 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.32. Kubota had a return on equity of 6.50% and a net margin of 5.97%.The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.93 billion. Sell-side analysts forecast that Kubota Corp. will post 5.57 earnings per share for the current year.

About Kubota

Kubota Corporation manufactures and sells agricultural and construction machinery in Japan, North America, Europe, Asia, and internationally. It operates through three segments: Farm & Machinery, Water & Environment, and Others. The Farm & Machinery segment offers tractors, power tillers, combine harvesters, rice transplanters, turf equipment, utility vehicles, other agricultural machinery, implements, attachments, post-harvest machinery, vegetable production equipment, intermediate management machine, and other equipment; cooperative drying, rice seedling, and gardening facilities; scales, weighing and measuring control systems, and air purifier; engines for farm equipment, construction machinery, industrial machinery, and generators; and mini excavators, wheel and skid steer loaders, compact track loaders, and other construction machinery related products.