Komatsu (OTCMKTS:KMTUY) Share Price Crosses Above Fifty Day Moving Average - Time to Sell?

Key Points

• Komatsu Ltd. shares have recently surpassed their fifty-day moving average, indicating potential bullish momentum, with the stock last trading at $35.93.
• Analyst ratings for Komatsu have declined, with Zacks Research downgrading the stock from a "hold" to a "strong sell" rating.
• The company reported $0.69 earnings per share for the last quarter, missing analysts' expectations of $0.74, contributing to a consensus rating of "Reduce" among analysts.

Shares of Komatsu Ltd. (OTCMKTS:KMTUY - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $34.22 and traded as high as $35.98. Komatsu shares last traded at $35.93, with a volume of 56,142 shares.

Analyst Ratings Changes

Separately, Zacks Research cut 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Komatsu currently has a consensus rating of "Reduce".

Komatsu Stock Up 1.6%

The stock has a market capitalization of $34.17 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 5.04 and a beta of 0.97. The business's 50-day moving average is $34.22 and its two-hundred day moving average is $31.48. The company has a quick ratio of 1.15, a current ratio of 2.00 and a debt-to-equity ratio of 0.15.

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

About Komatsu

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.

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