Kubota (OTCMKTS:KUBTY) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Kubota Co. (OTCMKTS:KUBTYGet Free Report)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $64.72 and traded as low as $64.31. Kubota shares last traded at $64.65, with a volume of 38,867 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Kubota from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 4th.

View Our Latest Analysis on Kubota

Kubota Price Performance

The firm’s 50-day moving average is $60.08 and its two-hundred day moving average is $64.72. The company has a market cap of $14.93 billion, a P/E ratio of 9.90, a PEG ratio of 5.29 and a beta of 0.97. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.65 and a quick ratio of 1.23.

Kubota (OTCMKTS:KUBTYGet Free Report) last posted its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.94 earnings per share for the quarter. Kubota had a net margin of 7.63% and a return on equity of 8.73%. The business had revenue of $4.85 billion for the quarter. Analysts anticipate that Kubota Co. will post 5.57 earnings per share for the current year.

Kubota Company Profile

(Get Free Report)

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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