Kubota (OTCMKTS:KUBTY) Shares Gap Up - Here's What Happened

Kubota Corp. (OTCMKTS:KUBTY - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $54.57, but opened at $58.50. Kubota shares last traded at $59.44, with a volume of 2,101 shares.

Analysts Set New Price Targets

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

Kubota Stock Performance

The company has a quick ratio of 1.25, a current ratio of 1.67 and a debt-to-equity ratio of 0.51. The company has a market cap of $13.41 billion, a P/E ratio of 10.33, a PEG ratio of 5.22 and a beta of 1.01. The firm has a 50 day moving average of $55.73 and a 200-day moving average of $58.64.

Kubota (OTCMKTS:KUBTY - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $5.17 billion. Kubota had a return on equity of 7.37% and a net margin of 6.71%. As a group, sell-side analysts anticipate 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.