Kubota (OTCMKTS:KUBTY) Stock Crosses Above 50-Day Moving Average - What's Next?

Key Points

• Kubota Corp. (OTCMKTS: KUBTY) saw its stock price rise above its 50-day moving average of $58.38, with a recent trading price of $61.73.
• Analysts have mixed ratings on Kubota, with one upgrade to "strong-buy" from Goldman Sachs and a downgrade to "hold" from UBS, resulting in an average rating of "Moderate Buy."
• The company reported earnings of $1.54 per share for the last quarter, missing expectations, and has a current market cap of $14.25 billion.

Kubota Corp. (OTCMKTS:KUBTY - Get Free Report)'s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $58.38 and traded as high as $61.80. Kubota shares last traded at $61.73, with a volume of 16,644 shares.

Analyst Upgrades and Downgrades

KUBTY has been the subject of several analyst reports. UBS Group lowered shares of Kubota from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Zacks Research upgraded shares of Kubota from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. Finally, The Goldman Sachs Group upgraded shares of Kubota from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 5th. One equities 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, Kubota has an average rating of "Moderate Buy".

Kubota Stock Down 2.7%

The company has a market cap of $14.25 billion, a PE ratio of 12.27 and a beta of 0.95. The company's 50 day moving average is $58.38 and its 200 day moving average is $58.34. The company has a current ratio of 1.75, a quick ratio of 1.31 and a debt-to-equity ratio of 0.52.

Kubota (OTCMKTS:KUBTY - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $5.04 billion during the quarter, compared to analysts' expectations of $752.88 billion. Kubota had a return on equity of 6.50% and a net margin of 5.97%. As a group, analysts predict 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.

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