Shares of Makita Co. (OTCMKTS:MKTAY - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $30.94 and traded as low as $29.36. Makita shares last traded at $29.96, with a volume of 13,361 shares trading hands.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. Citigroup downgraded Makita from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. UBS Group upgraded Makita from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 30th.
Check Out Our Latest Analysis on MKTAY
Makita Trading Up 1.8%
The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 17.88 and a beta of 0.67. The firm has a 50-day moving average of $31.43 and a two-hundred day moving average of $30.90.
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 firm had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $186.50 billion. Makita had a return on equity of 7.52% and a net margin of 9.09%. As a group, equities analysts anticipate 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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