Komatsu Ltd. (OTCMKTS:KMTUY – Get Free Report) was the target of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 14,273 shares, a drop of 95.7% from the October 15th total of 331,125 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 144,698 shares, the short-interest ratio is currently 0.1 days.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on KMTUY. Zacks Research raised shares of Komatsu from a “strong sell” rating to a “hold” rating in a report on Monday, August 3rd. Citigroup raised Komatsu from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 25th. Finally, The Goldman Sachs Group upgraded Komatsu from a “hold” rating to a “strong-buy” rating in a research note on Sunday, October 4th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.
Get Our Latest Report on Komatsu
Komatsu Stock Performance
OTCMKTS KMTUY traded down $0.75 on Tuesday, reaching $38.14. 91,736 shares of the company’s stock traded hands, compared to its average volume of 112,638. Komatsu has a fifty-two week low of $30.65 and a fifty-two week high of $52.74. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.12 and a current ratio of 1.96. The firm has a market cap of $35.48 billion, a price-to-earnings ratio of 13.99, a P/E/G ratio of 2.02 and a beta of 1.09. The stock has a 50 day moving average price of $44.85 and a 200-day moving average price of $43.31.
Komatsu (OTCMKTS:KMTUY – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The industrial products company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.04). The company had revenue of $7.07 billion for the quarter, compared to analyst estimates of $6.70 billion. Komatsu had a return on equity of 10.56% and a net margin of 8.92%. Equities research analysts predict that Komatsu will post 2.77 EPS for the current fiscal year.
About Komatsu
Komatsu Ltd. is a Japanese manufacturer of construction, mining, utility and forestry equipment. Its products include excavators, bulldozers, wheel loaders, motor graders and mining trucks, along with machinery and services for forestry operations. The company also provides equipment maintenance, parts and technology solutions, including systems that support fleet management and automated operations. Founded in 1921 and headquartered in Tokyo, Komatsu has expanded from its origins as a Japanese industrial manufacturer into a global equipment and services provider.
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