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

Kubota Corp. (OTCMKTS:KUBTY - Get Free Report)'s stock price gapped up before the market opened 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 trading hands.

Analysts Set New Price Targets

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

Kubota Price Performance

The business has a 50 day moving average of $55.72 and a 200 day moving average of $58.62. 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 has a market cap of $13.67 billion, a PE ratio of 10.53, a price-to-earnings-growth ratio of 5.43 and a beta of 1.01.

Kubota (OTCMKTS:KUBTY - Get Free Report) last posted 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 the consensus estimate of $5.17 billion. Kubota had a return on equity of 7.37% and a net margin of 6.71%. As a group, research analysts predict 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.