Komatsu (OTCMKTS:KMTUY) Shares Gap Up – Still a Buy?

Komatsu Ltd. (OTCMKTS:KMTUY) gapped up before the market opened on Wednesday . The stock had previously closed at $32.01, but opened at $33.16. Komatsu shares last traded at $31.80, with a volume of 7,162 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Komatsu from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 26th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Komatsu Stock Down 0.8%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.13 and a current ratio of 2.09. The firm has a 50 day simple moving average of $33.03 and a two-hundred day simple moving average of $33.66. The stock has a market cap of $30.19 billion, a P/E ratio of 10.55, a P/E/G ratio of 4.66 and a beta of 1.02.

Komatsu (OTCMKTS:KMTUY) last issued its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $0.63 EPS for the quarter, meeting analysts’ consensus estimates of $0.63. The company had revenue of $6.45 billion for the quarter, compared to analyst estimates of $6.56 billion. Komatsu had a return on equity of 12.41% and a net margin of 10.25%. Equities research analysts predict that Komatsu Ltd. will post 2.73 earnings per share for the current year.

Komatsu Company Profile

Komatsu Ltd. (OTCMKTS: KMTUY) is a Japanese multinational manufacturer of construction, mining and industrial equipment. Founded in the early 20th century in Komatsu, Ishikawa Prefecture, the company has grown into a global supplier of heavy machinery and related services for industries including construction, mining, forestry and infrastructure development.

Komatsu’s product lineup covers a broad range of mobile and stationary equipment, including hydraulic excavators, bulldozers, wheel loaders, rigid and articulated dump trucks, dozers, compact equipment, and specialized mining machines for both surface and underground operations.