Makita (OTCMKTS:MKTAY) Shares Gap Down - Time to Sell?

Shares of Makita Corp. (OTCMKTS:MKTAY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $29.67, but opened at $28.68. Makita shares last traded at $29.58, with a volume of 9,262 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have recently commented on MKTAY shares. Citigroup cut shares of Makita from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. Wall Street Zen lowered shares of Makita from a "buy" rating to a "hold" rating in a research note on Friday, May 30th.

Makita Stock Up 0.1%

The company has a fifty day moving average of $29.91 and a two-hundred day moving average of $30.85. The stock has a market capitalization of $7.99 billion, a price-to-earnings ratio of 16.32 and a beta of 0.67.

Makita (OTCMKTS:MKTAY - Get Free Report) last released its earnings results on Monday, April 28th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.22 by $0.21. Makita had a net margin of 10.05% and a return on equity of 8.22%. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $186.50 billion. Equities analysts anticipate that Makita Corp. will post 1.56 earnings per share for the current fiscal year.

Makita Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.