Shares of Kubota Co. (OTCMKTS:KUBTY – Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $71.97 and traded as high as $73.80. Kubota shares last traded at $71.46, with a volume of 27,517 shares.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on KUBTY shares. JPMorgan Chase & Co. upgraded Kubota from a “neutral” rating to an “overweight” rating in a research note on Wednesday, August 30th. Nomura upgraded Kubota from a “neutral” rating to a “buy” rating in a research report on Friday, September 1st.
Kubota Trading Down 0.3 %
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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