Kubota Co. (OTCMKTS:KUBTY) Brief Interest Update

Kubota Co. (OTCMKTS:KUBTY – Get Rating) was the target of a sharp drop in short-term interest during the month of April. As of April 15, there was short interest totaling 10,400 shares, down 60.9% from the March 31 total of 26,600 shares. Based on an average daily volume of 83,300 shares, the short interest rate is currently 0.1 day.

KUBTY traded at $2.06 during Friday trading hours, hitting $86.14. The stock had a trading volume of 50,421 shares, compared to an average trading volume of 43,892. The company’s fifty-day simple moving average is $89.56 and its 200-day simple moving average is 101, $18. Kubota has a 1-year minimum of $81.60 and a 1-year maximum of $125.81. The stock has a market capitalization of $20.81 billion, a PE ratio of 12.95, a price-to-growth earnings ratio of 8.25 and a beta of 0.98. The company has a quick ratio of 1.03, a current ratio of 1.42 and a debt ratio of 0.33.

Kubota (OTCMKTS:KUBTY – Get Rating) last reported quarterly earnings data on Monday, February 14. The industrial products company reported earnings per share of $1.06 for the quarter, missing the consensus estimate of $1.43 per ($0.37). Kubota had a return on equity of 10.16% and a net margin of 8.03%. The company posted revenue of $4.89 billion in the quarter, compared to $4.80 billion expected by analysts. As a group, stock analysts expect Kubota to post EPS of 6.2 for the current year.

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A number of stock analysts have weighed in on KUBTY shares recently. Zacks Investment Research downgraded Kubota from a “strong buy” rating to a “hold” rating in a Tuesday, Jan. 18 research note. Citigroup downgraded Kubota from a “buy” rating to a “neutral” rating in a Tuesday, March 1 research note. Four analysts gave the stock a hold rating and one gave the stock a buy rating. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $129.00.

About Kubota (Get a rating)

Kubota Corporation manufactures and markets machinery and related solutions to the food, water and environmental markets in Japan, North America, Europe, Asia and internationally. It operates in three segments: Agricultural and Industrial Machinery, Water and Environment and Others. The Agricultural and Industrial Machinery segment offers tractors, tillers, combine harvesters, rice transplanters, turf equipment, utility vehicles, other agricultural machinery, implements, attachments, post-harvest machinery , vegetable production equipment and other agricultural equipment; cooperative drying, rice sowing and gardening facilities; rice mills; scales, weighing and measuring control systems and air purifiers; engines for agriculture, construction, industrial machinery and generators; and mini excavators, wheel and compact loaders, compact crawlers and other construction machinery related products.

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