Kubota (OTCMKTS:KUBTY) Shares Gap Down - What's Next?

Key Points

• Kubota Corp. shares gapped down from $64.33 to $62.00 at market open, with a low trading volume of 125 shares.
• Analyst ratings are mixed, with Goldman Sachs upgrading the stock to "strong-buy," while Zacks downgraded it to "strong sell," resulting in an average rating of "hold."
• Kubota recently reported quarterly earnings of $1.54 EPS, falling short of estimates, with total revenue of $5.04 billion against an analyst expectation of $752.88 billion.

Kubota Corp. (OTCMKTS:KUBTY - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $64.33, but opened at $62.00. Kubota shares last traded at $62.00, with a volume of 125 shares traded.

Analyst Ratings Changes

A number of research firms have recently weighed in on KUBTY. The Goldman Sachs Group raised Kubota from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 5th. Zacks Research downgraded Kubota from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold".

Kubota Price Performance

The firm has a market cap of $14.66 billion, a price-to-earnings ratio of 12.62 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. The company has a 50 day moving average of $61.26 and a 200 day moving average of $58.27.

Kubota (OTCMKTS:KUBTY - Get Free Report) last issued 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). The business had revenue of $5.04 billion for the quarter, compared to analyst estimates of $752.88 billion. Kubota had a return on equity of 6.50% and a net margin of 5.97%. Equities research analysts predict that Kubota Corp. will post 5.57 EPS for the current fiscal year.

Kubota Company Profile

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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