Kubota (OTCMKTS:KUBTY) Hits New 52-Week Low – Here’s What Happened

Kubota Co. (OTCMKTS:KUBTY) shares hit a new 52-week low on Friday . The company traded as low as $52.63 and last traded at $52.87, with a volume of 41956 shares changing hands. The stock had previously closed at $56.89.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Kubota from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 4th.

Kubota Price Performance

The firm has a market cap of $12.21 billion, a P/E ratio of 8.10, a price-to-earnings-growth ratio of 5.29 and a beta of 0.96. The business has a 50-day moving average of $62.80 and a two-hundred day moving average of $63.34. The company has a current ratio of 1.65, a quick ratio of 1.23 and a debt-to-equity ratio of 0.50.

Kubota (OTCMKTS:KUBTY) last announced its quarterly earnings results on Thursday, February 13th. The industrial products company reported $0.94 earnings per share for the quarter. Kubota had a net margin of 7.63% and a return on equity of 8.73%. The business had revenue of $4.85 billion for the quarter. On average, sell-side analysts anticipate that Kubota Co. will post 5.57 earnings per share for the current fiscal 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.