Kubota (OTCMKTS:KUBTY) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Kubota Co. (OTCMKTS:KUBTYGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $72.28 and traded as low as $64.08. Kubota shares last traded at $64.33, with a volume of 25,510 shares traded.

Kubota Stock Down 1.3 %

The stock has a market cap of $15.15 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 5.09 and a beta of 0.96. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.73. The company’s 50-day moving average price is $70.28 and its 200 day moving average price is $72.28.

Kubota (OTCMKTS:KUBTYGet Free Report) last released its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $2.13 EPS for the quarter, beating the consensus estimate of $1.30 by $0.83. Kubota had a net margin of 8.43% and a return on equity of 10.10%. The firm had revenue of $5.16 billion during the quarter. As a group, analysts forecast that Kubota Co. will post 7.02 EPS for the current fiscal year.

Kubota Company Profile

(Get Free Report)

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.

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