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

Kubota Corp. (OTCMKTS:KUBTY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $77.62, but opened at $74.60. Kubota shares last traded at $74.60, with a volume of 1,061 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on KUBTY shares. Zacks Research cut Kubota from a “hold” rating to a “strong sell” rating in a research note on Monday. UBS Group raised Kubota from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Kubota Trading Up 1.8%

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.26 and a current ratio of 1.68. The firm has a 50 day simple moving average of $71.26 and a two-hundred day simple moving average of $64.64. The firm has a market capitalization of $17.94 billion, a P/E ratio of 15.35 and a beta of 0.91.

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