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Komatsu (OTCMKTS:KMTUY) Sees Unusually-High Trading Volume - Here's Why

Komatsu logo with Industrials background

Key Points

  • Komatsu shares experienced a significant trading volume increase of 757% on Friday, with approximately 1.29 million shares traded compared to the previous session's 150,217 shares.
  • Zacks Research downgraded Komatsu from a "hold" rating to a "strong sell" rating, indicating a growing concern among analysts about the stock's performance.
  • The company reported $0.69 EPS in its last quarter, which missed expectations by $0.05, along with revenue falling short of consensus estimates.
  • MarketBeat previews top five stocks to own in November.

Komatsu Ltd. (OTCMKTS:KMTUY - Get Free Report) saw unusually-high trading volume on Friday . Approximately 1,287,479 shares were traded during trading, an increase of 757% from the previous session's volume of 150,217 shares.The stock last traded at $35.52 and had previously closed at $35.43.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Komatsu from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce".

View Our Latest Analysis on Komatsu

Komatsu Stock Performance

The company has a current ratio of 2.00, a quick ratio of 1.15 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $34.17 billion, a PE ratio of 11.78, a PEG ratio of 5.04 and a beta of 0.97. The firm's 50-day simple moving average is $34.22 and its 200-day simple moving average is $31.48.

Komatsu (OTCMKTS:KMTUY - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.05). The firm had revenue of $6.12 billion during the quarter, compared to analysts' expectations of $6.49 billion. Komatsu had a net margin of 10.37% and a return on equity of 13.05%. On average, research analysts predict that Komatsu Ltd. will post 2.73 earnings per share for the current year.

Komatsu Company Profile

(Get Free Report)

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.

See Also

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