Kubota (OTCMKTS:KUBTY) Share Price Passes Below 200 Day Moving Average - Here's Why

Shares of Kubota Co. (OTCMKTS:KUBTY - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $63.50 and traded as low as $56.89. Kubota shares last traded at $56.89, with a volume of 43,266 shares trading hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Kubota from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th.

Kubota Stock Down 0.3 %

The stock has a market cap of $12.08 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 5.29 and a beta of 0.95. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.23 and a current ratio of 1.65. The firm's 50-day simple moving average is $62.19 and its two-hundred day simple moving average is $62.94.

Kubota (OTCMKTS:KUBTY - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.94 earnings per share for the quarter. Kubota had a net margin of 7.63% and a return on equity of 8.73%. The business had revenue of $4.85 billion during the quarter. On average, sell-side analysts expect that Kubota Co. will post 5.57 EPS 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.