Komatsu (OTCMKTS:KMTUY) Sets New 52-Week High - Here's Why

Shares of Komatsu Ltd. (OTCMKTS:KMTUY - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $33.82 and last traded at $32.65, with a volume of 165721 shares traded. The stock had previously closed at $32.20.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of Komatsu from a "strong sell" rating to a "hold" rating in a research report on Monday, March 31st.

Komatsu Price Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.91 and a quick ratio of 1.04. The firm has a market cap of $31.13 billion, a price-to-earnings ratio of 10.53, a P/E/G ratio of 6.50 and a beta of 0.96. The business's 50-day moving average price is $30.83 and its two-hundred day moving average price is $29.56.

Komatsu (OTCMKTS:KMTUY - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.17. Komatsu had a net margin of 10.70% and a return on equity of 13.56%. The business had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $1,082.32 billion. On average, research analysts forecast that Komatsu Ltd. will post 2.73 EPS for the current fiscal year.

Komatsu Company Profile

Komatsu Ltd. manufactures and sells construction, mining, and utility equipment in Japan, the Americas, Europe, China, Rest of Asia, Oceania, the Middle East, Africa, and CIS countries. It operates through three segments: Construction, Mining and Utility Equipment; Retail Finance; and Industrial Machinery and Others.