Komatsu (OTCMKTS:KMTUY) Shares Gap Up – Here’s What Happened

Komatsu Ltd. (OTCMKTS:KMTUY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $34.56, but opened at $37.30. Komatsu shares last traded at $35.79, with a volume of 8,228 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research lowered Komatsu from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 26th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Komatsu Stock Up 3.7%

The company has a market cap of $33.35 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 4.99 and a beta of 1.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.13 and a current ratio of 2.09. The stock’s fifty day moving average is $32.70 and its two-hundred day moving average is $33.83.

Komatsu (OTCMKTS:KMTUY) last released its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.63. The business had revenue of $6.45 billion during the quarter, compared to the consensus estimate of $6.56 billion. Komatsu had a return on equity of 12.41% and a net margin of 10.25%. Sell-side analysts predict that Komatsu Ltd. will post 2.73 earnings per share for the current fiscal year.

Komatsu Company Profile

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.