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

Komatsu Ltd. (OTCMKTS:KMTUY - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $30.45, but opened at $32.03. Komatsu shares last traded at $30.94, with a volume of 35,424 shares trading hands.

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 has a market capitalization of $31.21 billion, a P/E ratio of 10.55, a price-to-earnings-growth ratio of 5.80 and a beta of 0.95. The company has a current ratio of 1.91, a quick ratio of 1.04 and a debt-to-equity ratio of 0.16. The business's 50 day simple moving average is $29.96 and its two-hundred day simple moving average is $29.18.

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