Kubota (OTCMKTS:KUBTY) Share Price Crosses Above 50 Day Moving Average - Here's Why

Key Points

• Kubota Corp. shares surpassed their 50-day moving average of $62.04, trading as high as $67.94 before closing at $67.66.
• The company recently received a strong-buy rating from Goldman Sachs, while Zacks Research downgraded it to a "strong sell"; the current consensus rating is "Hold".
• Kubota reported $1.54 EPS for the last quarter, missing analysts' expectations, with a revenue of $5.04 billion compared to an estimate of $752.88 billion.

Kubota Corp. (OTCMKTS:KUBTY - Get Free Report) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $62.04 and traded as high as $67.94. Kubota shares last traded at $67.66, with a volume of 14,895 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on KUBTY shares. The Goldman Sachs Group upgraded Kubota from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 5th. Zacks Research cut Kubota from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

Kubota Stock Performance

The business's 50 day moving average is $62.04 and its two-hundred day moving average is $58.28. The company has a market cap of $15.62 billion, a PE ratio of 13.45 and a beta of 0.98. The company has a current ratio of 1.75, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52.

Kubota (OTCMKTS:KUBTY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $1.54 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.05). Kubota had a net margin of 5.97% and a return on equity of 6.50%. The business had revenue of $5.04 billion during the quarter, compared to analysts' expectations of $752.88 billion. On average, equities research analysts anticipate that Kubota Corp. will post 5.57 EPS for the current year.

About Kubota

Kubota Corporation manufactures and sells agricultural and construction machinery in Japan, North America, Europe, Asia, and internationally. It operates through three segments: Farm & Machinery, Water & Environment, and Others. The Farm & Machinery segment offers tractors, power tillers, combine harvesters, rice transplanters, turf equipment, utility vehicles, other agricultural machinery, implements, attachments, post-harvest machinery, vegetable production equipment, intermediate management machine, and other equipment; cooperative drying, rice seedling, and gardening facilities; scales, weighing and measuring control systems, and air purifier; engines for farm equipment, construction machinery, industrial machinery, and generators; and mini excavators, wheel and skid steer loaders, compact track loaders, and other construction machinery related products.

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