Kubota (OTCMKTS:KUBTY) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Kubota Corp. (OTCMKTS:KUBTY) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $73.69 and traded as high as $78.65. Kubota shares last traded at $78.6262, with a volume of 8,838 shares.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. UBS Group raised Kubota from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Zacks Research upgraded Kubota from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the company has an average rating of “Strong Buy”.

Kubota Stock Performance

The company has a market capitalization of $17.88 billion, a PE ratio of 15.30 and a beta of 0.92. The stock’s fifty day simple moving average is $73.69 and its 200-day simple moving average is $66.68. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.26 and a current ratio of 1.68.

Kubota (OTCMKTS:KUBTY) last posted its quarterly earnings data on Friday, November 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.32. Kubota had a net margin of 5.95% and a return on equity of 6.50%. The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.93 billion. As a group, equities analysts predict that Kubota Corp. will post 5.57 earnings per share for the current year.

About Kubota

Kubota Corporation (OTCMKTS: KUBTY) is a Japanese multinational manufacturer specializing in agricultural machinery, construction equipment, engines and water infrastructure systems. Founded in 1890 and headquartered in Osaka, Japan, the company has grown from its origins as a cast-iron manufacturer into a diversified industrial enterprise. Kubota’s agricultural machinery portfolio includes tractors, combine harvesters, rice transplanters and irrigation equipment, while its construction machinery lineup features compact excavators, wheel loaders and skid-steer loaders.