Kubota (OTCMKTS:KUBTY) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Kubota (OTCMKTS:KUBTY) from a sell rating to a hold rating in a research note published on Tuesday morning, Zacks.com reports.

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. “

Several other equities research analysts have also issued reports on the stock. Goldman Sachs Group raised shares of Kubota from a sell rating to a neutral rating in a research note on Wednesday, August 28th. ValuEngine raised shares of Kubota from a sell rating to a hold rating in a research report on Sunday, August 18th.

Shares of OTCMKTS:KUBTY traded down $0.26 during mid-day trading on Tuesday, reaching $78.22. The stock had a trading volume of 8,155 shares, compared to its average volume of 36,946. Kubota has a 1 year low of $66.25 and a 1 year high of $84.11. The business’s 50 day moving average price is $78.97 and its 200 day moving average price is $77.25.

Kubota Company Profile

Kubota Corporation manufactures and sells a range of machinery, and other industrial and consumer products in Japan, North America, Europe, Asia, and internationally. Its Farm & Industrial Machinery segment provides tractors, power tillers, combine harvesters, rice transplanters, lawn mowers, utility vehicles, other agricultural machinery, implements, attachments, post-harvest machinery, vegetable production equipment, and other agricultural equipment; cooperative drying, rice seedling, and gardening facilities; and rice mill plants.

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