Komatsu (OTCMKTS:KMTUY) Shares Gap Down - Here's What Happened

Komatsu Ltd. (OTCMKTS:KMTUY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $30.59, but opened at $29.73. Komatsu shares last traded at $30.92, with a volume of 33,700 shares traded.

Analyst Upgrades and Downgrades

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

Komatsu Stock Performance

The firm's 50-day moving average price is $29.63 and its 200-day moving average price is $29.03. 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 stock has a market cap of $29.25 billion, a P/E ratio of 9.89, a PEG ratio of 5.67 and a beta of 0.96.

Komatsu (OTCMKTS:KMTUY - Get Free Report) last posted its earnings results on Monday, April 28th. The industrial products company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.17. The company had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $1,082.32 billion. Komatsu had a net margin of 10.70% and a return on equity of 13.56%. Sell-side analysts expect that Komatsu Ltd. will post 2.73 earnings per share 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.