Komatsu (OTCMKTS:KMTUY) Sees Strong Trading Volume – Here’s What Happened

Shares of Komatsu Ltd. (OTCMKTS:KMTUY) saw strong trading volume on Thursday . 476,604 shares were traded during trading, an increase of 192% from the previous session’s volume of 163,184 shares.The stock last traded at $33.93 and had previously closed at $34.15.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Komatsu from a “strong sell” rating to a “hold” rating in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Komatsu Stock Performance

The firm has a fifty day moving average price of $35.19 and a 200 day moving average price of $33.10. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.15 and a current ratio of 2.00. The stock has a market cap of $32.25 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 4.95 and a beta of 1.01.

Komatsu (OTCMKTS:KMTUY) last issued its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $0.63 earnings per share for the quarter, hitting the consensus estimate of $0.63. Komatsu had a return on equity of 12.62% and a net margin of 10.25%.The business had revenue of $6.45 billion during the quarter, compared to the consensus estimate of $6.56 billion. Research analysts forecast that Komatsu Ltd. will post 2.73 earnings per share for the current fiscal year.

Komatsu Company Profile

Komatsu Ltd. manufactures and sells construction, mining, and utility equipment in Japan, the Americas, Europe, China, Rest of Asia, Oceania, the Middle East, Africa, and CIS countries. It operates through three segments: Construction, Mining and Utility Equipment; Retail Finance; and Industrial Machinery and Others.