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

Makita Corp. (OTCMKTS:MKTAY - Get Free Report)'s share price gapped down before the market opened 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 changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MKTAY shares. Wall Street Zen upgraded Makita from a "hold" rating to a "buy" rating in a research report on Saturday. Citigroup lowered Makita from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th.

Makita Price Performance

The company has a market cap of $8.25 billion, a PE ratio of 16.86 and a beta of 0.65. The company has a 50-day moving average of $30.47 and a 200 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. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $186.50 billion. Makita had a net margin of 10.05% and a return on equity of 8.16%. Equities research analysts expect that Makita Corp. will post 1.56 EPS for the current year.

About Makita

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.