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Komatsu (OTCMKTS:KMTUY) Stock Crosses Above 50-Day Moving Average - Here's Why

Komatsu logo with Industrials background

Shares of Komatsu Ltd. (OTCMKTS:KMTUY - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $29.79 and traded as high as $30.84. Komatsu shares last traded at $30.45, with a volume of 244,106 shares changing hands.

Analyst Ratings Changes

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

Get Our Latest Research Report on KMTUY

Komatsu Price Performance

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 company has a market capitalization of $29.77 billion, a P/E ratio of 10.07, a P/E/G ratio of 5.75 and a beta of 0.95. The company has a 50 day moving average price of $29.89 and a 200 day moving average price of $29.15.

Komatsu (OTCMKTS:KMTUY - Get Free Report) last announced its quarterly earnings results 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. Komatsu had a return on equity of 13.56% and a net margin of 10.70%. The business had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $1,082.32 billion. On average, equities analysts predict that Komatsu Ltd. will post 2.73 EPS for the current fiscal year.

About Komatsu

(Get Free Report)

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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