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 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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