Kubota (OTCMKTS:KUBTY) Stock Price Crosses Above 50 Day Moving Average - Here's What Happened

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 stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 traded.

Analyst Upgrades and Downgrades

Several research analysts recently commented on KUBTY shares. The Goldman Sachs Group upgraded Kubota from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 5th. UBS Group lowered Kubota from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Finally, Zacks Research raised Kubota from a "strong sell" rating to a "hold" rating in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Kubota Trading Up 1.5%

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 company has a fifty day moving average of $58.71 and a 200-day moving average of $58.24. The firm has a market capitalization of $14.59 billion, a PE ratio of 12.56 and a beta of 0.95.

Kubota (OTCMKTS:KUBTY - Get Free Report) last posted its 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 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%. On average, sell-side 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.