Makita Corp. (OTCMKTS:MKTAY - Get Free Report)'s share price passed 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.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Citigroup cut Makita from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th. Wall Street Zen cut Makita from a "buy" rating to a "hold" rating in a research note on Sunday, July 27th.
Check Out Our Latest Analysis on Makita
Makita Price Performance
The stock has a market capitalization of $8.69 billion, a P/E ratio of 15.68 and a beta of 0.65. The firm has a 50-day simple moving average of $30.56 and a 200 day simple moving average of $30.87.
Makita (OTCMKTS:MKTAY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.12. Makita had a return on equity of 9.11% and a net margin of 11.07%. The firm had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $187.49 billion. Sell-side analysts anticipate that Makita Corp. will post 1.56 earnings per share for the current fiscal year.
Makita Company Profile
(
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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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