Makita (OTCMKTS:MKTAY) Cut to "Hold" at Wall Street Zen

Makita (OTCMKTS:MKTAY - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.

Several other analysts have also recently commented on the company. UBS Group upgraded Makita from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 30th. Citigroup lowered shares of Makita from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th.

Makita Stock Performance

Shares of Makita stock traded up $0.04 during midday trading on Friday, hitting $30.86. 6,119 shares of the company traded hands, compared to its average volume of 17,085. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 18.48 and a beta of 0.67. The firm's fifty day moving average price is $30.03 and its 200-day moving average price is $30.87. Makita has a 12 month low of $25.56 and a 12 month high of $39.05.

Makita (OTCMKTS:MKTAY - Get Free Report) last posted its earnings results on Monday, April 28th. The company reported $0.43 earnings per share 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 analyst estimates of $186.50 billion. Equities research analysts forecast that Makita will post 1.56 earnings per share for the current 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.