Komatsu (OTCMKTS:KMTUY) Stock Price Passes Above 50 Day Moving Average - Here's What Happened

Key Points

• Komatsu Ltd. shares have surpassed their fifty-day moving average of $34.38, trading at $35.85 with a volume of 179,158 shares.
• Zacks Research has downgraded Komatsu's stock rating from "hold" to "strong sell", contributing to an average rating of "Reduce" from analysts.
• The company's recent quarterly results showed an EPS of $0.69, missing the consensus estimate of $0.74, with revenues of $6.12 billion below expectations.

Komatsu Ltd. (OTCMKTS:KMTUY - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $34.38 and traded as high as $35.90. Komatsu shares last traded at $35.85, with a volume of 179,158 shares changing hands.

Analyst Upgrades and Downgrades

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 equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Reduce".

Komatsu Trading Up 1.3%

The stock has a market cap of $34.09 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 5.04 and a beta of 0.99. The firm's 50 day simple moving average is $34.38 and its two-hundred day simple moving average is $31.82. 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 posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.69 earnings per share (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, equities research analysts predict that Komatsu Ltd. will post 2.73 earnings per share 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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