Kubota (OTCMKTS:KUBTY) Shares Gap Down – Here’s Why

Kubota Corp. (OTCMKTS:KUBTY) gapped down before the market opened on Tuesday . The stock had previously closed at $68.37, but opened at $64.55. Kubota shares last traded at $64.45, with a volume of 12,593 shares.

Analyst Ratings Changes

Several analysts have commented on KUBTY shares. Zacks Research downgraded Kubota from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 16th. The Goldman Sachs Group upgraded Kubota from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Kubota Trading Down 1.5%

The company has a market cap of $14.86 billion, a price-to-earnings ratio of 12.79 and a beta of 0.98. The business has a fifty day simple moving average of $65.12 and a 200 day simple moving average of $59.93. The company has a quick ratio of 1.31, a current ratio of 1.75 and a debt-to-equity ratio of 0.52.

Kubota (OTCMKTS:KUBTY) last announced its quarterly earnings results on Friday, November 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.32. Kubota had a net margin of 5.97% and a return on equity of 6.50%. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.93 billion. On average, equities analysts anticipate that Kubota Corp. will post 5.57 EPS for the current fiscal year.

About Kubota

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.