Kubota (OTCMKTS:KUBTY) Stock Passes Below Two Hundred Day Moving Average - Here's What Happened

Kubota Corp. (OTCMKTS:KUBTY - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $58.77 and traded as low as $55.96. Kubota shares last traded at $56.27, with a volume of 25,341 shares traded.

Wall Street Analyst Weigh In

Separately, UBS Group downgraded Kubota from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th.

Kubota Stock Performance

The firm has a market cap of $12.99 billion, a PE ratio of 10.01, a P/E/G ratio of 5.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.62 and a quick ratio of 1.23. The stock has a 50-day moving average price of $55.90 and a 200 day moving average price of $58.77.

Kubota (OTCMKTS:KUBTY - Get Free Report) last issued its earnings results on Friday, May 9th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.10 by ($0.92). The firm had revenue of $4.91 billion for the quarter, compared to analysts' expectations of $5.17 billion. Kubota had a return on equity of 7.35% and a net margin of 6.71%. Research analysts forecast that Kubota Corp. will post 5.57 earnings per share 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.