Kubota Corp. (OTCMKTS:KUBTY – Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $59.39 and traded as low as $54.65. Kubota shares last traded at $54.92, with a volume of 71,797 shares trading hands.
Analyst Ratings Changes
Separately, UBS Group lowered shares of Kubota from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 20th.
Get Our Latest Analysis on KUBTY
Kubota Trading Down 0.0%
Kubota (OTCMKTS:KUBTY – Get Free Report) last announced its earnings results on Friday, May 9th. The industrial products company reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $2.10 by ($0.92). Kubota had a return on equity of 7.35% and a net margin of 6.71%. The firm had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $5.17 billion. On average, research analysts forecast that Kubota Corp. will post 5.57 earnings per share for the current fiscal year.
About Kubota
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.
See Also
- Five stocks we like better than Kubota
- Where to Find Earnings Call Transcripts
- Analyst Downgrades Joby, But Overlooks Major Regulatory Wins
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- U.S. Steel Stock Burns the Bears With Surprise Upside Move
- What Are the U.K. Market Holidays? How to Invest and Trade
- Lululemon, UNH, Enphase: Bad News, Good Opportunity?
Receive News & Ratings for Kubota Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kubota and related companies with MarketBeat.com's FREE daily email newsletter.