Shares of Makita Corp. (OTCMKTS:MKTAY - Get Free Report) shot up 4.9% on Friday . The company traded as high as $32.50 and last traded at $32.50. 1,720 shares were traded during trading, a decline of 91% from the average session volume of 18,184 shares. The stock had previously closed at $30.99.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on MKTAY. Wall Street Zen raised Makita from a "hold" rating to a "buy" rating in a research report on Saturday. Citigroup cut shares of Makita from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th.
Get Our Latest Research Report on Makita
Makita Price Performance
The stock has a market cap of $8.83 billion, a P/E ratio of 15.93 and a beta of 0.63. The business's 50 day simple moving average is $30.66 and its 200 day simple moving average is $30.95.
Makita (OTCMKTS:MKTAY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.12. The firm had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $187.49 billion. Makita had a net margin of 11.07% and a return on equity of 9.11%. Research analysts predict that Makita Corp. will post 1.56 earnings per share 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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