Kubota (OTCMKTS:KUBTY) Stock Price Passes Below Two Hundred Day Moving Average of $88.81

Kubota Co. (OTCMKTS:KUBTY – Get Rating)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $88.81 and traded as low as $77.68. Kubota shares last traded at $78.37, with a volume of 15,738 shares.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on KUBTY shares. JPMorgan Chase & Co. cut shares of Kubota from a “neutral” rating to an “underweight” rating in a research report on Thursday, June 30th. The Goldman Sachs Group lowered shares of Kubota from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 1st.

Kubota Stock Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 1.42 and a quick ratio of 1.03. The stock’s 50 day simple moving average is $81.20 and its two-hundred day simple moving average is $88.58. The stock has a market cap of $18.90 billion, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 5.18 and a beta of 1.09.

Kubota (OTCMKTS:KUBTY – Get Rating) last announced its quarterly earnings results on Thursday, May 12th. The industrial products company reported $1.78 earnings per share for the quarter. The firm had revenue of $5.11 billion for the quarter. Kubota had a net margin of 6.98% and a return on equity of 8.69%. As a group, research analysts forecast that Kubota Co. will post 6.55 EPS for the current year.

About Kubota

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Kubota Corporation manufactures and markets machinery and related solutions in the food, water, and environment markets in Japan, North America, Europe, Asia, and internationally. It operates in three segments: Farm & Industrial Machinery, Water & Environment, and Other. The Farm & Industrial 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, and other agricultural equipment; cooperative drying, rice seedling, and gardening facilities; rice mill plants; scales, weighing and measuring control systems, and air purifiers; engines for farming, construction, industrial machinery, and generators; and mini excavators, wheel and skid steer loaders, compact track and, and other construction machinery related products.