Shares of Makita Corp. (OTCMKTS:MKTAY - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.83 and traded as low as $30.75. Makita shares last traded at $31.13, with a volume of 30,601 shares traded.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on MKTAY. Wall Street Zen raised shares of Makita from a "hold" rating to a "buy" rating in a research note on Saturday. Citigroup lowered shares of Makita from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th.
Read Our Latest Stock Analysis on MKTAY
Makita Stock Up 4.3%
The firm has a market cap of $8.69 billion, a price-to-earnings ratio of 15.68 and a beta of 0.63. The company's 50-day moving average price is $30.61 and its 200-day moving average price is $30.89.
Makita (OTCMKTS:MKTAY - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.12. The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $187.49 billion. Makita had a net margin of 11.07% and a return on equity of 9.11%. On average, sell-side analysts predict that Makita Corp. will post 1.56 earnings per share for the current fiscal year.
About Makita
(
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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