Komatsu Ltd. (KMTUY) Rating Lowered to Sell at Zacks Investment Research
Komatsu Ltd. (OTCMKTS:KMTUY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.
According to Zacks, “KOMATSU LTD., headquartered in Tokyo, Japan, is the world’s second largest manufacturer of earthmoving and construction machines, with annual revenues of 7,580 million euros (9.2 billion US$) and more than 30.000 employees worldwide. “
Shares of Komatsu (OTCMKTS:KMTUY) opened at 22.37 on Wednesday. Komatsu has a 52-week low of $13.96 and a 52-week high of $23.63. The firm’s 50-day moving average is $22.31 and its 200 day moving average is $18.88. The stock has a market capitalization of $21.09 billion, a price-to-earnings ratio of 17.80 and a beta of 1.33.
Komatsu Ltd. is a provider of industrial-use products and services. The Company is engaged in the business of construction and mining equipment, industrial machinery and vehicles, logistics, electronics and other solutions-based operations. Its DANTOTSU service includes KOMTRAX, which is a machine tracking system whose terminals are installed on construction equipment to transmit information concerning the location, cumulative hours of operation and operating condition of vehicles, and KOMTRAX Plus, which is used in mining.
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