Kubota (OTCMKTS:KUBTY) Shares Gap Down – What’s Next?

Kubota Corp. (OTCMKTS:KUBTY) shares gapped down prior to trading 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 traded.

Analyst Ratings Changes

KUBTY has been the subject of a number of analyst reports. UBS Group upgraded shares of Kubota from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Zacks Research upgraded shares of 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. According to MarketBeat, Kubota has an average rating of “Buy”.

Kubota Stock Down 3.9%

The company’s 50 day simple moving average is $68.04 and its 200-day simple moving average is $61.75. 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 firm has a market cap of $16.42 billion, a P/E ratio of 13.83 and a beta of 0.93.

Kubota (OTCMKTS:KUBTY) last announced its quarterly earnings results 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. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.93 billion. Kubota had a net margin of 5.95% and a return on equity of 6.50%. Research analysts forecast that Kubota Corp. will post 5.57 earnings per share 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.