Short Interest in Makita Co. (OTCMKTS:MKTAY) Declines By 98.0%

Makita Co. (OTCMKTS:MKTAY - Get Free Report) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 100 shares, a drop of 98.0% from the March 31st total of 5,000 shares. Based on an average trading volume of 67,900 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several research firms recently commented on MKTAY. UBS Group raised Makita from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 30th. Citigroup lowered Makita from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th.

Makita Trading Up 1.2 %

MKTAY traded up $0.36 during trading on Thursday, hitting $29.82. The company's stock had a trading volume of 11,053 shares, compared to its average volume of 16,429. Makita has a twelve month low of $25.56 and a twelve month high of $39.05. The business's fifty day simple moving average is $31.71 and its 200 day simple moving average is $31.00. The firm has a market capitalization of $8.02 billion, a price-to-earnings ratio of 17.86 and a beta of 0.65.

Makita (OTCMKTS:MKTAY - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.22 by $0.21. Makita had a return on equity of 7.52% and a net margin of 9.09%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $186.50 billion. As a group, equities research analysts forecast that Makita will post 1.56 earnings per share for the current fiscal year.

Makita Company Profile

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.