Makita Co. (OTCMKTS:MKTAY) Short Interest Update

Makita Co. (OTCMKTS:MKTAY - Get Free Report) was the recipient of a large decrease in short interest in May. As of May 31st, there was short interest totalling 500 shares, a decrease of 83.9% from the May 15th total of 3,100 shares. Based on an average trading volume of 48,100 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company's stock are short sold.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MKTAY. Wall Street Zen lowered shares of Makita from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Citigroup downgraded shares of Makita from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th.

Makita Stock Performance

OTCMKTS MKTAY traded down $0.49 during trading on Thursday, hitting $29.91. 5,312 shares of the company's stock traded hands, compared to its average volume of 16,297. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 17.91 and a beta of 0.67. Makita has a 12-month low of $25.56 and a 12-month high of $39.05. The business has a 50 day moving average of $29.70 and a 200-day moving average of $30.89.

Makita (OTCMKTS:MKTAY - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.21. Makita had a net margin of 9.09% and a return on equity of 7.52%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $186.50 billion. On average, analysts expect that Makita will post 1.56 EPS for the current year.

About Makita

Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Australia, Brazil, and the United Arab Emirates. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sanding, sawing, planning/routering, pneumatic, outdoor power, and dust extraction/other equipment, as well as accessories; and cutting equipment for new materials, masonry, and metals.