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

Kubota Corp. (OTCMKTS:KUBTY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $78.90, but opened at $74.30. Kubota shares last traded at $74.8375, with a volume of 917 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have commented on KUBTY. Zacks Research cut shares of Kubota from a “hold” rating to a “strong sell” rating in a research note on Monday, January 12th. UBS Group upgraded Kubota from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Kubota presently has an average rating of “Buy”.

Kubota Stock Down 1.0%

The stock has a fifty day moving average of $71.82 and a two-hundred day moving average of $65.19. The company has a quick ratio of 1.26, a current ratio of 1.68 and a debt-to-equity ratio of 0.51. The stock has a market cap of $17.04 billion, a price-to-earnings ratio of 14.58 and a beta of 0.91.

Kubota (OTCMKTS:KUBTY) last released its quarterly earnings data on Friday, November 7th. The industrial products company reported $1.48 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 5.95%.The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.93 billion. As a group, analysts predict that Kubota Corp. will post 5.57 EPS for the current fiscal year.

Kubota Company Profile

Kubota Corporation (OTCMKTS: KUBTY) is a Japanese multinational manufacturer specializing in agricultural machinery, construction equipment, engines and water infrastructure systems. Founded in 1890 and headquartered in Osaka, Japan, the company has grown from its origins as a cast-iron manufacturer into a diversified industrial enterprise. Kubota’s agricultural machinery portfolio includes tractors, combine harvesters, rice transplanters and irrigation equipment, while its construction machinery lineup features compact excavators, wheel loaders and skid-steer loaders.