Kubota Corp. (KUBTY) Downgraded by Zacks Investment Research to Sell

Kubota Corp. (OTCMKTS:KUBTY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

According to Zacks, “Kubota is the world’s largest maker of small tractors and Japan’s 2nd largest manufacturer of farm equipment. The company is also Japan’s largest producer of ductile iron pipe (for water supply and sewer systems) and its maker of roofing materials. The Company makes engines, construction machinery, industrial castings and machinery, waste recycling plants, and prefab housing, and pumps. It has stakes in several US computer companies, including memory storage makers Maxoptix and Akashic Memories. “

Shares of Kubota Corp. (KUBTY) opened at 94.03 on Wednesday. The firm’s 50-day moving average price is $91.02 and its 200 day moving average price is $85.58. The stock has a market cap of $23.27 billion, a P/E ratio of 18.94 and a beta of 1.19. Kubota Corp. has a one year low of $70.24 and a one year high of $94.05.

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Kubota Corp. Company Profile

KUBOTA Corporation is a manufacturer of a range of machinery, and other industrial and consumer products. The Company operates through three segments: Farm & Industrial Machinery, Water & Environment, and Other. The Farm & Industrial Machinery segment is engaged in the manufacture and sale of products, which include farm equipment, engines, construction machinery and electronic equipped machinery.

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