Kubota (OTCMKTS:KUBTY) Shares Gap Down – Should You Sell?

Kubota Corp. (OTCMKTS:KUBTY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $78.90, but opened at $74.30. Kubota shares last traded at $74.8375, with a volume of 917 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have commented on KUBTY. UBS Group raised Kubota from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Zacks Research downgraded shares of Kubota from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Kubota Stock Down 1.2%

The business’s fifty day simple moving average is $72.14 and its 200 day simple moving average is $65.34. The stock has a market cap of $17.00 billion, a price-to-earnings ratio of 14.54 and a beta of 0.91. The company has a current ratio of 1.68, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51.

Kubota (OTCMKTS:KUBTY) last released its quarterly earnings data on Friday, November 7th. The industrial products company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.32. Kubota had a return on equity of 6.50% and a net margin of 5.95%.The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.93 billion. Equities analysts forecast that Kubota Corp. will post 5.57 earnings per share for the current fiscal year.

About Kubota

Kubota Corporation (OTCMKTS: KUBTY) is a Japanese multinational manufacturer specializing in agricultural machinery, construction equipment, engines and water infrastructure systems. Founded in 1890 and headquartered in Osaka, Japan, the company has grown from its origins as a cast-iron manufacturer into a diversified industrial enterprise. Kubota’s agricultural machinery portfolio includes tractors, combine harvesters, rice transplanters and irrigation equipment, while its construction machinery lineup features compact excavators, wheel loaders and skid-steer loaders.