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Makita (OTCMKTS:MKTAY) Shares Pass Below Two Hundred Day Moving Average - Here's What Happened

Makita logo with Consumer Discretionary background

Makita Co. (OTCMKTS:MKTAY - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $30.92 and traded as low as $29.60. Makita shares last traded at $31.04, with a volume of 5,457 shares traded.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Citigroup lowered shares of Makita from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Wall Street Zen lowered shares of Makita from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, UBS Group upgraded shares of Makita from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 30th.

Get Our Latest Stock Analysis on Makita

Makita Stock Performance

The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 18.11 and a beta of 0.67. The stock's 50 day simple moving average is $30.47 and its 200-day simple moving average is $30.87.

Makita (OTCMKTS:MKTAY - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported $0.43 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $186.50 billion. On average, analysts expect that Makita Co. will post 1.56 EPS for the current fiscal year.

Makita Company Profile

(Get Free Report)

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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