Kubota (OTCMKTS:KUBTY) Shares Gap Up - Time to Buy?

Key Points

• Kubota Corp. shares gapped up from a previous closing price of $62.60 to an opening price of $65.24 before trading at $64.93 with a volume of 10,457 shares.
• Analyst ratings for Kubota include a recent upgrade from Goldman Sachs to a "strong-buy", although Zacks downgraded it to a "strong sell." The stock currently holds a consensus rating of "Hold."
• For the last quarter, Kubota reported an EPS of $1.54, missing estimates of $1.59, with a revenue of $5.04 billion against expectations of $752.88 billion.

Kubota Corp. (OTCMKTS:KUBTY - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $62.60, but opened at $65.24. Kubota shares last traded at $64.93, with a volume of 10,457 shares changing hands.

Analyst Ratings Changes

KUBTY has been the topic of several recent analyst reports. The Goldman Sachs Group raised shares of Kubota from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 5th. Zacks Research downgraded shares of Kubota from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold".

Kubota Stock Down 0.5%

The company has a debt-to-equity ratio of 0.52, a current ratio of 1.75 and a quick ratio of 1.31. The business's 50 day simple moving average is $60.34 and its 200 day simple moving average is $58.23. The company has a market capitalization of $14.38 billion, a PE ratio of 12.38 and a beta of 0.95.

Kubota (OTCMKTS:KUBTY - Get Free Report) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $1.54 EPS for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). Kubota had a return on equity of 6.50% and a net margin of 5.97%.The firm had revenue of $5.04 billion for the quarter, compared to analysts' expectations of $752.88 billion. As a group, analysts anticipate that Kubota Corp. will post 5.57 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.