Makita (OTCMKTS:MKTAY) Shares Gap Up - Time to Buy?

Key Points

• Makita shares gapped up to $35.05 from a prior close of $32.75 at the open, though trading volume was light at just 717 shares.
• Analyst sentiment is mixed: Wall Street Zen upgraded to a Buy while Goldman Sachs cut to a Sell, and the average rating remains Sell.
• Makita beat last-quarter estimates with EPS of $0.46 versus $0.43 and revenue of $1.25B versus $1.19B, and the stock trades with a market cap of $9.32B and a P/E of 18.65.

Makita Corp. (OTCMKTS:MKTAY - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $32.75, but opened at $35.0488. Makita shares last traded at $35.0450, with a volume of 717 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MKTAY shares. Wall Street Zen upgraded Makita from a "hold" rating to a "buy" rating in a research report on Saturday, January 31st. The Goldman Sachs Group cut Makita from a "hold" rating to a "sell" rating in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of "Sell".

Makita Stock Up 0.3%

The firm's 50 day simple moving average is $35.81 and its 200-day simple moving average is $32.48. The company has a market capitalization of $9.32 billion, a PE ratio of 18.65 and a beta of 0.60.

Makita (OTCMKTS:MKTAY - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. The company had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.19 billion. Makita had a net margin of 9.96% and a return on equity of 7.85%. As a group, sell-side analysts anticipate that Makita Corp. will post 1.56 EPS for the current fiscal year.

Makita Company Profile

Makita Corporation OTCMKTS: MKTAY is a global manufacturer of professional and consumer power tools headquartered in Anjō, Aichi Prefecture, Japan. Founded in 1915 as an electric motor sales and repair company, it incorporated as Makita Electric Works, Ltd. in 1958 and has since expanded its product portfolio to serve both industrial and residential markets. The company's core business activities encompass the design, production and distribution of power tools, outdoor power equipment and accessories.

Makita's product lineup includes cordless and corded electric drills, drivers, saws, grinders, sanders and rotary hammers, as well as pneumatic and gasoline-powered machinery.

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