Kubota Corp. (OTCMKTS:KUBTY) Sees Large Drop in Short Interest

Kubota Corp. (OTCMKTS:KUBTY) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 179 shares, a drop of 28.4% from the November 30th total of 250 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 72,000 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 72,000 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several research firms have commented on KUBTY. UBS Group raised shares of Kubota from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Zacks Research raised Kubota from a “strong sell” rating to a “hold” rating in a report on Friday, November 21st. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Kubota Price Performance

Shares of OTCMKTS:KUBTY traded down $0.04 during trading on Monday, reaching $71.06. The stock had a trading volume of 1,280 shares, compared to its average volume of 37,254. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.26 and a current ratio of 1.68. Kubota has a 1-year low of $51.65 and a 1-year high of $75.00. The stock has a market cap of $16.41 billion, a PE ratio of 13.82 and a beta of 0.93. The business has a fifty day moving average price of $69.52 and a 200-day moving average price of $62.99.

Kubota (OTCMKTS:KUBTY) last posted its quarterly earnings results on Friday, November 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.32. Kubota had a net margin of 5.95% and a return on equity of 6.50%. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.93 billion. On average, equities analysts forecast that Kubota will post 5.57 earnings per share for the current fiscal year.

About Kubota

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.