Komatsu (OTCMKTS:KMTUY) Shares Gap Up – Still a Buy?

Komatsu Ltd. (OTCMKTS:KMTUY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $34.56, but opened at $37.30. Komatsu shares last traded at $35.79, with a volume of 8,228 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Komatsu from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 26th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Komatsu presently has a consensus rating of “Reduce”.

Komatsu Stock Up 3.7%

The stock has a fifty day moving average of $32.70 and a 200 day moving average of $33.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.09 and a quick ratio of 1.13. The firm has a market capitalization of $33.35 billion, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 4.99 and a beta of 1.02.

Komatsu (OTCMKTS:KMTUY) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.63. The firm had revenue of $6.45 billion during the quarter, compared to the consensus estimate of $6.56 billion. Komatsu had a return on equity of 12.41% and a net margin of 10.25%. On average, research analysts anticipate that Komatsu Ltd. will post 2.73 EPS for the current fiscal year.

Komatsu Company Profile

Komatsu Ltd. (OTCMKTS: KMTUY) is a Japanese multinational manufacturer of construction, mining and industrial equipment. Founded in the early 20th century in Komatsu, Ishikawa Prefecture, the company has grown into a global supplier of heavy machinery and related services for industries including construction, mining, forestry and infrastructure development.

Komatsu’s product lineup covers a broad range of mobile and stationary equipment, including hydraulic excavators, bulldozers, wheel loaders, rigid and articulated dump trucks, dozers, compact equipment, and specialized mining machines for both surface and underground operations.