Komatsu (OTCMKTS:KMTUY) Share Price Passes Above Fifty Day Moving Average - Here's What Happened

Key Points

• Komatsu Ltd. (OTCMKTS:KMTUY) shares crossed above their fifty-day moving average, reaching a high of $34.84 during trading on Tuesday.
• Zacks Research downgraded the stock from a "hold" rating to a "strong sell" rating, with current consensus suggesting a "Reduce" rating.
• For the last quarter, Komatsu reported earnings of $0.69 EPS, missing estimates, and generated $6.12 billion in revenue, below expectations of $6.49 billion.

Shares of Komatsu Ltd. (OTCMKTS:KMTUY - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $34.64 and traded as high as $34.84. Komatsu shares last traded at $34.46, with a volume of 253,095 shares.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Komatsu from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce".

Komatsu Trading Up 0.3%

The stock has a market capitalization of $32.77 billion, a PE ratio of 11.30, a P/E/G ratio of 4.89 and a beta of 0.99. The firm has a 50 day moving average price of $34.64 and a 200 day moving average price of $32.00. 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 issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.05). The company had revenue of $6.12 billion during the quarter, compared to analysts' expectations of $6.49 billion. Komatsu had a return on equity of 13.05% and a net margin of 10.37%. Equities analysts expect that Komatsu Ltd. will post 2.73 EPS for the current fiscal 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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