Kubota (OTCMKTS:KUBTY) Share Price Passes Below 200 Day Moving Average of $88.81

Kubota Co. (OTCMKTS:KUBTYGet Rating)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $88.81 and traded as low as $77.68. Kubota shares last traded at $78.37, with a volume of 15,738 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group downgraded shares of Kubota from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 1st. JPMorgan Chase & Co. downgraded shares of Kubota from a “neutral” rating to an “underweight” rating in a research report on Thursday, June 30th.

Kubota Trading Down 0.2 %

The company has a current ratio of 1.42, a quick ratio of 1.03 and a debt-to-equity ratio of 0.37. The stock has a market cap of $18.90 billion, a P/E ratio of 13.47, a PEG ratio of 5.18 and a beta of 1.09. The firm’s 50-day simple moving average is $81.20 and its 200 day simple moving average is $88.58.

Kubota (OTCMKTS:KUBTYGet Rating) last posted its earnings results on Thursday, May 12th. The industrial products company reported $1.78 EPS for the quarter. The firm had revenue of $5.11 billion during the quarter. Kubota had a net margin of 6.98% and a return on equity of 8.69%. As a group, equities research analysts anticipate that Kubota Co. will post 6.55 earnings per share for the current year.

About Kubota

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Kubota Corporation manufactures and markets machinery and related solutions in the food, water, and environment markets in Japan, North America, Europe, Asia, and internationally. It operates in three segments: Farm & Industrial Machinery, Water & Environment, and Other. The Farm & Industrial 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, and other agricultural equipment; cooperative drying, rice seedling, and gardening facilities; rice mill plants; scales, weighing and measuring control systems, and air purifiers; engines for farming, construction, industrial machinery, and generators; and mini excavators, wheel and skid steer loaders, compact track and, and other construction machinery related products.

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