Kubota (OTCMKTS:KUBTY) Shares Gap Down – Time to Sell?

Kubota Corp. (OTCMKTS:KUBTY) gapped down before the market opened on Thursday . The stock had previously closed at $74.37, but opened at $71.32. Kubota shares last traded at $73.7490, with a volume of 2,880 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KUBTY. UBS Group upgraded Kubota from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Zacks Research upgraded Kubota from a “strong sell” rating to a “hold” rating in a report on Friday, November 21st. Two research 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.com, the company currently has a consensus rating of “Buy”.

Kubota Stock Performance

The firm has a market cap of $17.17 billion, a P/E ratio of 14.46 and a beta of 0.93. The company has a current ratio of 1.68, a quick ratio of 1.31 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average is $67.72 and its two-hundred day moving average is $61.55.

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