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

Key Points

• Komatsu Ltd. shares gapped down from a previous closing price of $35.22 to open at $34.20, with the last traded price at $34.49.
• Analysts have downgraded Komatsu from a "hold" rating to a "strong sell" rating, contributing to a current average rating of "Reduce."
• During the latest earnings report, Komatsu missed EPS estimates with $0.69 compared to the projected $0.74 and reported revenues of $6.12 billion, below the expected $6.49 billion.

Komatsu Ltd. (OTCMKTS:KMTUY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $35.22, but opened at $34.20. Komatsu shares last traded at $34.49, with a volume of 1,558,631 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of 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 issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Reduce".

Komatsu Price 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 business's fifty day moving average is $34.45 and its 200 day moving average is $31.64. The firm has a market capitalization of $32.83 billion, a P/E ratio of 11.32, a P/E/G ratio of 5.02 and a beta of 0.97.

Komatsu (OTCMKTS:KMTUY - Get Free Report) last released its earnings results on Tuesday, July 29th. The industrial products company reported $0.69 EPS 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 the consensus estimate of $6.49 billion. As a group, analysts forecast 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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