Makita Co. (OTCMKTS:MKTAY - Get Free Report)'s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $31.11 and traded as low as $29.12. Makita shares last traded at $30.98, with a volume of 7,265 shares trading hands.
Analysts Set New Price Targets
MKTAY has been the topic of a number of recent research reports. UBS Group upgraded Makita from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 30th. Citigroup cut Makita from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th.
Get Our Latest Report on MKTAY
Makita Trading Up 0.3 %
The stock's 50-day simple moving average is $31.75 and its 200-day simple moving average is $31.03. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 17.64 and a beta of 0.65.
Makita (OTCMKTS:MKTAY - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.21. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $186.50 billion. Makita had a return on equity of 7.52% and a net margin of 9.09%. On average, equities research analysts forecast that Makita Co. will post 1.56 earnings per share for the current 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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