Kubota Co. (OTCMKTS:KUBTY) Sees Large Decrease in Short Interest

Kubota Co. (OTCMKTS:KUBTY) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 11,300 shares, a drop of 57.7% from the August 15th total of 26,700 shares. Based on an average daily volume of 36,200 shares, the short-interest ratio is presently 0.3 days.

Several research analysts recently issued reports on KUBTY shares. Zacks Investment Research cut shares of Kubota from a “buy” rating to a “hold” rating in a report on Saturday, August 7th. JPMorgan Chase & Co. cut shares of Kubota from an “overweight” rating to a “neutral” rating in a report on Wednesday, June 9th. Jefferies Financial Group raised shares of Kubota from a “hold” rating to a “buy” rating in a report on Monday, June 14th. Finally, Nomura cut shares of Kubota from a “buy” rating to a “neutral” rating in a research note on Monday, June 14th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $117.00.

KUBTY traded down $0.09 on Friday, reaching $115.08. 15,214 shares of the company’s stock were exchanged, compared to its average volume of 20,285. The stock has a market cap of $27.80 billion, a PE ratio of 17.31, a P/E/G ratio of 1.12 and a beta of 0.95. Kubota has a twelve month low of $86.31 and a twelve month high of $125.81. The stock’s fifty day moving average price is $104.80 and its 200-day moving average price is $110.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.60 and a quick ratio of 1.23.

Kubota (OTCMKTS:KUBTY) last posted its quarterly earnings results on Tuesday, August 3rd. The industrial products company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.38. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $4.75 billion. Kubota had a net margin of 8.29% and a return on equity of 11.05%. As a group, research analysts predict that Kubota will post 6.77 earnings per share for the current fiscal year.

Kubota Company Profile

Kubota Corp. engages in the manufacture and sale of agricultural and construction machinery equipment. It operates through the following segments: Machinery, Water and Environment, and Others. The Machinery segment includes agricultural and construction machinery, engines, and agricultural products. The Water and Environment segment provides environmental-related products and pipe-related products such as ductile iron pipes, plastic pipes, valves, and pumps.

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