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

Kubota Co. (OTCMKTS:KUBTY) shares crossed 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 trading hands.

Analyst Ratings Changes

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

Kubota Price Performance

The stock has a market capitalization of $14.93 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 5.29 and a beta of 0.97. The company has a quick ratio of 1.23, a current ratio of 1.65 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average price is $60.08 and its 200-day moving average price is $64.72.

Kubota (OTCMKTS:KUBTY) last issued its earnings results on Thursday, February 13th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter. Kubota had a net margin of 7.63% and a return on equity of 8.73%. The firm had revenue of $4.85 billion during the quarter. As a group, equities analysts forecast that Kubota Co. 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.