Makita Co. (OTCMKTS:MKTAY - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.87 and traded as low as $30.73. Makita shares last traded at $30.82, with a volume of 6,477 shares changing hands.
Analysts Set New Price Targets
MKTAY has been the topic of several analyst reports. Citigroup lowered 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 report on Friday.
View Our Latest Report on MKTAY
Makita Stock Performance
The company's 50 day moving average price is $30.03 and its 200 day moving average price is $30.87. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 18.48 and a beta of 0.67.
Makita (OTCMKTS:MKTAY - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $186.50 billion. Makita had a net margin of 9.09% and a return on equity of 7.52%. As a group, analysts predict that Makita Co. will post 1.56 EPS for the current year.
Makita Company Profile
(
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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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