Komatsu Ltd. (KMTUY) Lowered to “Sell” at Zacks Investment Research

Komatsu Ltd. (OTCMKTS:KMTUY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday.

According to Zacks, “KOMATSU LTD., headquartered in Tokyo, Japan, is the world’s second largest manufacturer of earthmoving and construction machines, with annual revenues of 7,580 million euros (9.2 billion US$) and more than 30.000 employees worldwide. “

Shares of Komatsu (OTCMKTS:KMTUY) traded up 1.944% during mid-day trading on Thursday, hitting $23.335. 144,504 shares of the company’s stock traded hands. The company has a market cap of $22.00 billion, a PE ratio of 18.879 and a beta of 1.33. The firm has a 50-day moving average of $22.03 and a 200 day moving average of $18.68. Komatsu has a 52 week low of $13.96 and a 52 week high of $23.43.

Komatsu Company Profile

Komatsu Ltd. is a provider of industrial-use products and services. The Company is engaged in the business of construction and mining equipment, industrial machinery and vehicles, logistics, electronics and other solutions-based operations. Its DANTOTSU service includes KOMTRAX, which is a machine tracking system whose terminals are installed on construction equipment to transmit information concerning the location, cumulative hours of operation and operating condition of vehicles, and KOMTRAX Plus, which is used in mining.

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