Kubota (OTCMKTS:KUBTY) Share Price Crosses Below 200 Day Moving Average - Here's What Happened

Shares of Kubota Corp. (OTCMKTS:KUBTY - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $59.09 and traded as low as $54.57. Kubota shares last traded at $54.84, with a volume of 15,643 shares changing hands.

Wall Street Analyst Weigh In

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

Kubota Stock Up 0.7%

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.23 and a current ratio of 1.62. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 5.04 and a beta of 1.03. The business has a 50-day simple moving average of $56.22 and a 200-day simple moving average of $58.97.

Kubota (OTCMKTS:KUBTY - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The industrial products company reported $1.18 EPS for the quarter, missing the consensus estimate of $2.10 by ($0.92). The firm had revenue of $4.91 billion for the quarter, compared to analyst estimates of $5.17 billion. Kubota had a return on equity of 7.35% and a net margin of 6.71%. On average, equities analysts anticipate that Kubota Corp. will post 5.57 earnings per share for the current fiscal 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.