Makita Corp. (OTCMKTS:MKTAY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $30.13, but opened at $28.67. Makita shares last traded at $30.50, with a volume of 1,136 shares changing hands.
Analysts Set New Price Targets
MKTAY has been the topic of several recent research reports. Wall Street Zen upgraded shares of Makita from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Citigroup downgraded shares of Makita from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th.
Get Our Latest Analysis on Makita
Makita Stock Up 1.0%
The firm has a market cap of $8.18 billion, a P/E ratio of 16.72 and a beta of 0.65. The company has a 50 day moving average of $30.51 and a two-hundred day moving average of $30.75.
Makita (OTCMKTS:MKTAY - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.21. Makita had a return on equity of 8.16% and a net margin of 10.05%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $186.50 billion. Research analysts expect that Makita Corp. will post 1.56 earnings per share 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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