Makita (OTCMKTS:MKTAY) Sees Unusually-High Trading Volume - Time to Buy?

Makita Corp. (OTCMKTS:MKTAY - Get Free Report) shares saw an uptick in trading volume on Wednesday . 404,777 shares were traded during trading, an increase of 1,973% from the previous session's volume of 19,525 shares.The stock last traded at $30.04 and had previously closed at $29.37.

Analyst Upgrades and Downgrades

MKTAY has been the subject of several recent analyst reports. Citigroup cut shares of Makita from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. Wall Street Zen lowered Makita from a "buy" rating to a "hold" rating in a research report on Friday, May 30th.

Makita Trading Up 2.6%

The stock has a market capitalization of $8.10 billion, a PE ratio of 16.55 and a beta of 0.67. The stock's fifty day simple moving average is $30.07 and its 200-day simple moving average is $30.77.

Makita (OTCMKTS:MKTAY - Get Free Report) last issued 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. Makita had a net margin of 10.05% and a return on equity of 8.22%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $186.50 billion. As a group, analysts anticipate that Makita Corp. 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.

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