Makita (OTCMKTS:MKTAY) Share Price Crosses Below 200 Day Moving Average - Time to Sell?

Shares of Makita Corp. (OTCMKTS:MKTAY - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.82 and traded as low as $28.68. Makita shares last traded at $29.55, with a volume of 17,706 shares.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wall Street Zen lowered Makita from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Citigroup downgraded Makita from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th.

Makita Trading Down 2.7%

The company's 50-day moving average is $30.00 and its two-hundred day moving average is $30.82. The stock has a market capitalization of $7.73 billion, a P/E ratio of 15.80 and a beta of 0.67.

Makita (OTCMKTS:MKTAY - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.22 by $0.21. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $186.50 billion. Makita had a net margin of 10.05% and a return on equity of 8.22%. Sell-side analysts expect that Makita Corp. will post 1.56 EPS for the current fiscal 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.