Kubota (OTCMKTS:KUBTY) Shares Gap Down - Should You Sell?

Key Points

• Kubota Corp. shares opened at $58.91, down from a previous close of $62.36, following gapped trading on Tuesday.
• The company reported $1.54 earnings per share for the last quarter, falling short of analyst expectations of $1.59.
• Despite mixed analyst ratings, Goldman Sachs upgraded the stock to a "strong-buy" while UBS downgraded it to a "hold".

Kubota Corp. (OTCMKTS:KUBTY - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $62.36, but opened at $58.91. Kubota shares last traded at $58.91, with a volume of 529 shares.

Wall Street Analyst Weigh In

KUBTY has been the subject of a number of research analyst reports. Zacks Research raised shares of Kubota from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. UBS Group downgraded shares of Kubota from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, The Goldman Sachs Group raised shares of Kubota from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Kubota has an average rating of "Moderate Buy".

Kubota Price Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.67 and a quick ratio of 1.25. The company's 50-day simple moving average is $57.10 and its 200-day simple moving average is $58.53. The company has a market cap of $13.93 billion, a price-to-earnings ratio of 11.99, a P/E/G ratio of 5.43 and a beta of 1.04.

Kubota (OTCMKTS:KUBTY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $1.54 earnings per share (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 6.57%. The firm had revenue of $5.04 billion during the quarter, compared to analyst estimates 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.