Zacks Investment Research Lowers Komatsu Ltd. (KMTUY) to Sell

Zacks Investment Research downgraded shares of Komatsu Ltd. (OTCMKTS:KMTUY) from a hold rating to a sell rating in a report released on Wednesday.

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) opened at 22.99 on Wednesday. The stock has a market capitalization of $21.67 billion, a PE ratio of 18.09 and a beta of 1.33. Komatsu has a 52-week low of $13.96 and a 52-week high of $23.63. The company’s 50 day moving average price is $22.34 and its 200 day moving average price is $18.92.

About Komatsu

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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