Makita (OTCMKTS:MKTAY) Downgraded by Wall Street Zen to "Hold"

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

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

Makita Trading Up 2.4%

Shares of OTCMKTS:MKTAY traded up $0.74 on Friday, reaching $30.99. 11,944 shares of the company were exchanged, compared to its average volume of 17,392. The company has a 50-day moving average of $30.47 and a 200-day moving average of $30.87. The firm has a market cap of $8.34 billion, a price-to-earnings 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.

Makita (OTCMKTS:MKTAY - Get Free Report) last released its quarterly 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. The business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $186.50 billion. Makita had a return on equity of 7.52% and a net margin of 9.09%. As a group, 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.