Makita Corp. (OTCMKTS:MKTAY - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $31.24, but opened at $30.18. Makita shares last traded at $30.18, with a volume of 338 shares trading hands.
Analyst Ratings Changes
Several analysts recently weighed in on the company. Wall Street Zen raised Makita from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Citigroup downgraded Makita from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th.
Get Our Latest Research Report on Makita
Makita Stock Performance
The stock has a market capitalization of $8.26 billion, a price-to-earnings ratio of 16.86 and a beta of 0.65. The company has a fifty day simple moving average of $30.51 and a 200 day simple 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, beating analysts' consensus estimates of $0.22 by $0.21. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $186.50 billion. Makita had a return on equity of 8.16% and a net margin of 10.05%. As a group, equities analysts predict that Makita Corp. will post 1.56 earnings per share for the current fiscal year.
About Makita
(
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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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