Kubota (OTCMKTS:KUBTY) Share Price Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• Kubota Corp. shares have surpassed their 50-day moving average of $57.22, trading as high as $61.12 before settling at $60.80 with a volume of 8,744 shares.
• Analysts have adjusted their ratings on Kubota, with Zacks raising it to a "hold" and Goldman Sachs upgrading it to a "strong buy", while UBS has downgraded it to a "hold."
• Kubota reported earnings per share of $1.54 for the last quarter, missing estimates, alongside a revenue of $5.04 billion.

Kubota Corp. (OTCMKTS:KUBTY - Get Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $57.22 and traded as high as $61.12. Kubota shares last traded at $60.80, with a volume of 8,744 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KUBTY shares. The Goldman Sachs Group upgraded Kubota from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 5th. UBS Group cut shares of Kubota from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, Zacks Research upgraded shares of Kubota from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".

Kubota Price Performance

The company has a quick ratio of 1.31, a current ratio of 1.75 and a debt-to-equity ratio of 0.52. The business's 50-day simple moving average is $57.57 and its 200 day simple moving average is $58.42. The firm has a market capitalization of $13.39 billion, a P/E ratio of 11.53 and a beta of 0.95.

Kubota (OTCMKTS:KUBTY - Get Free Report) last issued its quarterly 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 net margin of 5.97% and a return on equity of 6.50%. The business had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $752.88 billion. Sell-side analysts forecast that Kubota Corp. will post 5.57 earnings per share for the current 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.