Kubota (OTCMKTS:KUBTY) Stock Price Passes Above Fifty Day Moving Average - What's Next?

Key Points

• Kubota Corp.'s stock price exceeded its 50-day moving average of $57.73, reaching a high of $58.83 before closing at $58.70.
• Analysts have mixed views on Kubota, with Zacks upgrading it to a "hold" and Goldman Sachs rating it a "strong-buy."
• For the latest quarter, Kubota reported earnings of $1.54 per share, falling short of analysts' expectations of $1.59, with a revenue of $5.04 billion.

Kubota Corp. (OTCMKTS:KUBTY - Get Free Report)'s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $57.73 and traded as high as $58.83. Kubota shares last traded at $58.70, with a volume of 12,740 shares traded.

Analyst Upgrades and Downgrades

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

Kubota Stock Performance

The business's fifty day moving average price is $57.73 and its 200-day moving average price is $58.39. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.75 and a quick ratio of 1.25. The stock has a market capitalization of $13.55 billion, a PE ratio of 11.67 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 earnings per share 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 the consensus estimate of $752.88 billion. As a group, equities research analysts expect that Kubota Corp. will post 5.57 EPS for the current 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.

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