Kubota (OTCMKTS:KUBTY) Shares Gap Down – Here’s Why

Kubota Corp. (OTCMKTS:KUBTY) gapped down prior to trading on Wednesday . The stock had previously closed at $74.50, but opened at $71.86. Kubota shares last traded at $71.8450, with a volume of 953 shares changing hands.

Wall Street Analysts Forecast Growth

KUBTY has been the subject of several analyst reports. Zacks Research upgraded Kubota from a “strong sell” rating to a “hold” rating in a report on Friday, November 21st. UBS Group upgraded Kubota from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Kubota Trading Down 1.5%

The firm has a market cap of $16.55 billion, a PE ratio of 13.95 and a beta of 0.93. The firm has a fifty day simple moving average of $68.38 and a two-hundred day simple moving average of $62.09. The company has a current ratio of 1.68, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51.

Kubota (OTCMKTS:KUBTY) last announced its earnings results on Friday, November 7th. The industrial products company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.32. Kubota had a return on equity of 6.50% and a net margin of 5.95%.The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.93 billion. Equities analysts forecast that Kubota Corp. will post 5.57 EPS for the current year.

Kubota Company Profile

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.