Makita (OTCMKTS:MKTAY) Stock Passes Below Two Hundred Day Moving Average - Here's What Happened

Makita Co. (OTCMKTS:MKTAY - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $30.89 and traded as low as $29.03. Makita shares last traded at $29.03, with a volume of 6,401 shares changing hands.

Analyst Ratings Changes

Several research firms have recently commented on MKTAY. 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, May 30th.

Makita Stock Performance

The company's fifty day moving average price is $29.67 and its 200 day moving average price is $30.89. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 17.38 and a beta of 0.67.

Makita (OTCMKTS:MKTAY - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.22 by $0.21. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $186.50 billion. Makita had a net margin of 9.09% and a return on equity of 7.52%. As a group, sell-side analysts expect that Makita Co. will post 1.56 earnings per share for the current year.

Makita Company Profile

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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