Kubota (OTCMKTS:KUBTY) Shares Gap Down – Here’s What Happened

Kubota Corp. (OTCMKTS:KUBTY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $68.37, but opened at $64.55. Kubota shares last traded at $64.45, with a volume of 12,593 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Zacks Research cut shares of Kubota from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 16th. The Goldman Sachs Group raised shares of Kubota from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Kubota presently has a consensus rating of “Hold”.

Kubota Price Performance

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 $14.89 billion, a PE ratio of 12.82 and a beta of 0.98. The company’s fifty day simple moving average is $65.25 and its two-hundred day simple moving average is $60.04.

Kubota (OTCMKTS:KUBTY) last announced its quarterly earnings results on Friday, November 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.32. Kubota had a net margin of 5.97% and a return on equity of 6.50%. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.93 billion. As a group, sell-side analysts predict that Kubota Corp. will post 5.57 EPS 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.