Komatsu (OTCMKTS:KMTUY) Shares Gap Up – Here’s What Happened

Komatsu Ltd. (OTCMKTS:KMTUY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $34.56, but opened at $37.30. Komatsu shares last traded at $35.79, with a volume of 8,228 shares.

Analyst Ratings Changes

Separately, Zacks Research cut Komatsu from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce”.

Komatsu Stock Up 3.6%

The company has a quick ratio of 1.13, a current ratio of 2.09 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $33.31 billion, a P/E ratio of 11.89, a PEG ratio of 5.26 and a beta of 1.02. The company has a fifty day moving average price of $32.74 and a 200-day moving average price of $33.85.

Komatsu (OTCMKTS:KMTUY) last announced 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 during 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%. As a group, research analysts forecast that Komatsu Ltd. will post 2.73 EPS for the current fiscal year.

About Komatsu

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.