Komatsu (OTCMKTS:KMTUY) Shares Gap Up – Should You Buy?

Komatsu Ltd. (OTCMKTS:KMTUY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $32.75, but opened at $34.21. Komatsu shares last traded at $32.9360, with a volume of 21,673 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Komatsu from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 26th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Komatsu Stock Up 0.5%

The stock has a fifty day moving average price of $32.71 and a two-hundred day moving average price of $33.75. The company has a quick ratio of 1.13, a current ratio of 2.09 and a debt-to-equity ratio of 0.18. The company has a market cap of $31.31 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 4.81 and a beta of 1.02.

Komatsu (OTCMKTS:KMTUY) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $0.63 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.63. The company had revenue of $6.45 billion for the quarter, compared to analyst estimates of $6.56 billion. Komatsu had a net margin of 10.25% and a return on equity of 12.41%. As a group, sell-side analysts expect that Komatsu Ltd. will post 2.73 EPS for the current year.

About Komatsu

Komatsu Ltd. (OTCMKTS: KMTUY) is a Japanese multinational manufacturer of construction, mining and industrial equipment. Founded in the early 20th century in Komatsu, Ishikawa Prefecture, the company has grown into a global supplier of heavy machinery and related services for industries including construction, mining, forestry and infrastructure development.

Komatsu’s product lineup covers a broad range of mobile and stationary equipment, including hydraulic excavators, bulldozers, wheel loaders, rigid and articulated dump trucks, dozers, compact equipment, and specialized mining machines for both surface and underground operations.