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

Wall Street Zen downgraded shares of Makita (OTCMKTS:MKTAY - Free Report) from a buy rating to a hold rating in a report released on Saturday.

Other analysts have also recently issued reports about the stock. Citigroup cut shares of Makita from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. UBS Group upgraded shares of Makita from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 30th.

Makita Trading Up 2.4%

OTCMKTS MKTAY traded up $0.74 during trading on Friday, reaching $30.99. The company's stock had a trading volume of 11,944 shares, compared to its average volume of 17,392. The stock has a market capitalization of $8.34 billion, a PE ratio of 18.56 and a beta of 0.67. Makita has a 1-year low of $25.56 and a 1-year high of $39.05. The business has a 50-day moving average price of $30.32 and a 200-day moving average price of $30.87.

Makita (OTCMKTS:MKTAY - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $186.50 billion. As a group, analysts expect that Makita will post 1.56 earnings per share 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.