Kubota (OTCMKTS:KUBTY) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Kubota Corp. (OTCMKTS:KUBTY)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $59.09 and traded as low as $54.57. Kubota shares last traded at $54.84, with a volume of 15,643 shares.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered shares of Kubota from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 20th.

Kubota Price Performance

The stock has a fifty day moving average of $56.35 and a two-hundred day moving average of $59.09. The stock has a market capitalization of $12.66 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 4.91 and a beta of 1.03. The company has a current ratio of 1.62, a quick ratio of 1.23 and a debt-to-equity ratio of 0.50.

Kubota (OTCMKTS:KUBTY) last released its quarterly earnings results on Friday, May 9th. The industrial products company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.10 by ($0.92). Kubota had a net margin of 6.71% and a return on equity of 7.35%. The business had revenue of $4.91 billion for the quarter, compared to analyst estimates of $5.17 billion. As a group, equities research analysts forecast that Kubota Corp. will post 5.57 earnings per share for the current 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.