Komatsu (OTCMKTS:KMTUY) Share Price Passes Below 200-Day Moving Average - Here's What Happened
Komatsu Ltd. (OTCMKTS:KMTUY) shares fell below their 200-day moving average of $32.95, trading as low as $32.69. Currently priced at $33.66, the stock has a market cap of $32.01 billion and a PE ratio of 11.18. Zacks Research upgraded the stock from "strong sell" to "hold". The company reported $0.63 EPS for the last quarter, meeting estimates, with revenue of $6.45 billion, slightly below expectations. Analysts forecast an EPS of 2.73 for the current fiscal year, maintaining a consensus rating of "hold".
Komatsu Ltd. (OTCMKTS:KMTUY - Get Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.95 and traded as low as $32.69. Komatsu shares last traded at $33.66, with a volume of 46,577 shares traded.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised shares of Komatsu from a "strong sell" rating to a "hold" rating in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Komatsu presently has a consensus rating of "Hold".
Read Our Latest Stock Analysis on Komatsu
Komatsu Stock Performance
The firm's 50 day simple moving average is $35.19 and its 200 day simple moving average is $32.95. The firm has a market cap of $32.01 billion, a PE ratio of 11.18, a PEG ratio of 4.95 and a beta of 1.01. The company has a current ratio of 2.00, a quick ratio of 1.15 and a debt-to-equity ratio of 0.15.
Komatsu (OTCMKTS:KMTUY - Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.63 earnings per share for the quarter, meeting analysts' consensus estimates of $0.63. The firm had revenue of $6.45 billion during the quarter, compared to analyst estimates of $6.56 billion. Komatsu had a return on equity of 12.62% and a net margin of 10.25%. On average, research analysts forecast that Komatsu Ltd. will post 2.73 EPS for the current fiscal year.
About Komatsu
(Get Free Report)Komatsu Ltd. manufactures and sells construction, mining, and utility equipment in Japan, the Americas, Europe, China, Rest of Asia, Oceania, the Middle East, Africa, and CIS countries. It operates through three segments: Construction, Mining and Utility Equipment; Retail Finance; and Industrial Machinery and Others.
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