Kubota (OTCMKTS:KUBTY) Stock Price Up 7.3% - Here's What Happened

Key Points

• Kubota Corp. (OTCMKTS: KUBTY) saw a 7.3% increase in its stock price during mid-day trading, reaching a high of $68.79 before closing at $67.78.
• The stock has received mixed ratings from analysts, with Goldman Sachs upgrading it to a "strong-buy" while Zacks downgraded it to a "strong sell."
• Kubota reported $1.54 EPS for the last quarter, which was $0.05 short of the consensus estimate, along with revenues of $5.04 billion.

Shares of Kubota Corp. (OTCMKTS:KUBTY - Get Free Report) traded up 7.3% during mid-day trading on Wednesday . The stock traded as high as $68.79 and last traded at $67.78. 10,351 shares were traded during mid-day trading, a decline of 73% from the average session volume of 38,384 shares. The stock had previously closed at $63.15.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group upgraded shares of Kubota from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 5th. Zacks Research downgraded shares of Kubota from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

Kubota Trading Up 7.0%

The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.75. The stock has a market capitalization of $15.60 billion, a P/E ratio of 13.43 and a beta of 0.98. The firm's fifty day simple moving average is $61.70 and its 200 day simple moving average is $58.17.

Kubota (OTCMKTS:KUBTY - Get Free Report) last released 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). Kubota had a net margin of 5.97% and a return on equity of 6.50%. The firm had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $752.88 billion. As a group, equities research analysts forecast that Kubota Corp. will post 5.57 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.