Komatsu (OTCMKTS:KMTUY) Shares Gap Down – Here’s Why
by Tristan Rich · The Markets DailyKomatsu Ltd. (OTCMKTS:KMTUY – Get Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $31.84, but opened at $30.65. Komatsu shares last traded at $31.7401, with a volume of 5,378 shares.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded shares of Komatsu from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Komatsu presently has a consensus rating of “Reduce”.
View Our Latest Analysis on KMTUY
Komatsu Trading Down 0.2%
The firm has a market cap of $30.23 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 4.70 and a beta of 1.04. The company has a quick ratio of 1.13, a current ratio of 2.09 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average price of $33.62 and a 200-day moving average price of $33.66.
Komatsu (OTCMKTS:KMTUY – Get Free Report) last released its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $0.63 EPS for the quarter, hitting the consensus estimate of $0.63. Komatsu had a return on equity of 12.41% and a net margin of 10.25%.The firm had revenue of $6.45 billion for the quarter, compared to analyst estimates of $6.56 billion. As a group, research analysts expect that Komatsu Ltd. will post 2.73 EPS for the current fiscal year.
About Komatsu
Komatsu Ltd. (OTCMKTS: KMTUY) is a Japanese multinational manufacturer of construction, mining and industrial equipment. Founded in the early 20th century in Komatsu, Ishikawa Prefecture, the company has grown into a global supplier of heavy machinery and related services for industries including construction, mining, forestry and infrastructure development.
Komatsu’s product lineup covers a broad range of mobile and stationary equipment, including hydraulic excavators, bulldozers, wheel loaders, rigid and articulated dump trucks, dozers, compact equipment, and specialized mining machines for both surface and underground operations.