Kubota (OTCMKTS:KUBTY) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Kubota Corp. (OTCMKTS:KUBTY) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $63.68 and traded as high as $64.91. Kubota shares last traded at $64.5550, with a volume of 7,138 shares changing hands.

Analysts Set New Price Targets

Several analysts have commented on KUBTY shares. The Goldman Sachs Group raised Kubota from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 5th. Zacks Research downgraded Kubota from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Kubota presently has an average rating of “Hold”.

Kubota Trading Down 0.5%

The firm has a market capitalization of $14.91 billion, a PE ratio of 12.83 and a beta of 0.98. The business has a 50 day moving average price of $63.68 and a 200-day moving average price of $59.30. The company has a current ratio of 1.75, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52.

Kubota (OTCMKTS:KUBTY) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.05). The business had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $752.88 billion. Kubota had a return on equity of 6.50% and a net margin of 5.97%. Analysts expect 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.