Kubota (OTCMKTS:KUBTY) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Kubota Corp. (OTCMKTS:KUBTY) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $57.73 and traded as high as $58.83. Kubota shares last traded at $58.70, with a volume of 12,740 shares traded.

Wall Street Analysts Forecast Growth

KUBTY has been the topic of several research analyst reports. UBS Group cut shares of Kubota from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 20th. Zacks Research raised shares of Kubota from a “strong sell” rating to a “hold” rating in a report on Monday, August 18th. Finally, The Goldman Sachs Group raised shares of Kubota from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Kubota currently has an average rating of “Moderate Buy”.

Kubota Stock Performance

The firm has a market cap of $13.55 billion, a PE ratio of 11.67 and a beta of 0.95. The company has a 50 day simple moving average of $57.73 and a 200-day simple moving average of $58.39. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.75 and a quick ratio of 1.25.

Kubota (OTCMKTS:KUBTY) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $1.54 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.05). Kubota had a return on equity of 6.50% and a net margin of 5.97%.The business had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $752.88 billion. As a group, equities research analysts anticipate that Kubota Corp. will post 5.57 EPS 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.