Kubota (OTCMKTS:KUBTY) Sees Strong Trading Volume – Here’s Why

Shares of Kubota Corp. (OTCMKTS:KUBTY) saw unusually-strong trading volume on Monday. 134,132 shares changed hands during trading, an increase of 363% from the average daily volume of 28,963 shares. The stock last traded at $78.22 and had previously closed at $81.32.

Analysts Set New Price Targets

KUBTY has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered shares of Kubota from a “strong-buy” rating to a “strong sell” rating in a research report on Sunday, October 4th. Morgan Stanley downgraded shares of Kubota from an “equal weight” rating to an “underweight” rating in a report on Wednesday, September 30th. Finally, Zacks Research lowered Kubota from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Kubota presently has a consensus rating of “Hold”.

Kubota Trading Down 3.9%

The firm has a market cap of $17.76 billion, a P/E ratio of 10.29, a P/E/G ratio of 1.05 and a beta of 1.03. The stock has a 50 day simple moving average of $86.71 and a 200-day simple moving average of $86.13. The company has a current ratio of 1.61, a quick ratio of 1.23 and a debt-to-equity ratio of 0.41.

Kubota (OTCMKTS:KUBTY) last issued its quarterly earnings data on Monday, November 9th. The industrial products company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.56). Kubota had a return on equity of 9.12% and a net margin of 8.18%. On average, equities research analysts expect that Kubota Corp. will post 7.72 EPS for the current fiscal year.

About Kubota

Kubota Corporation is a Japanese manufacturer of machinery and infrastructure products. Founded in Osaka in 1890, the company began by producing cast-iron water pipes and has since expanded into agriculture, construction, and environmental systems.

Kubota’s products include tractors, combine harvesters, rice transplanters, farm implements, engines, and compact construction machinery. Its water and environmental businesses provide products and systems such as pipes, pumps, and water-treatment equipment.

Headquartered in Osaka, Kubota serves customers in Japan and international markets, including North America, Europe, and Asia.