Kubota (OTCMKTS:KUBTY) Shares Gap Up – What’s Next?

Kubota Corp. (OTCMKTS:KUBTY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $71.05, but opened at $73.84. Kubota shares last traded at $73.91, with a volume of 12,655 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KUBTY. UBS Group raised shares of Kubota from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Zacks Research upgraded Kubota from a “strong sell” rating to a “hold” rating in a report on Friday, November 21st. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Kubota Price Performance

The stock’s 50 day simple moving average is $70.13 and its 200-day simple moving average is $63.91. The firm has a market cap of $17.35 billion, a price-to-earnings ratio of 14.62 and a beta of 0.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.26 and a current ratio of 1.68.

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