Makita Corp. (OTCMKTS:MKTAY - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $31.59 and traded as high as $31.84. Makita shares last traded at $31.84, with a volume of 8,619 shares trading hands.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of Makita from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy".
Get Our Latest Stock Analysis on Makita
Makita Stock Performance
The company has a market capitalization of $8.57 billion, a price-to-earnings ratio of 15.46 and a beta of 0.59. The company's fifty day simple moving average is $33.91 and its two-hundred day simple moving average is $31.59.
Makita (OTCMKTS:MKTAY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.12. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $187.49 billion. Makita had a net margin of 11.07% and a return on equity of 9.11%. Sell-side analysts anticipate that Makita Corp. will post 1.56 EPS for the current year.
About Makita
(
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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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