Makita Co. (OTCMKTS:MKTAY - Get Free Report) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 5,000 shares, a decrease of 79.3% from the March 15th total of 24,200 shares. Based on an average daily trading volume, of 21,600 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company's stock are sold short.
Makita Trading Up 3.5 %
OTCMKTS MKTAY traded up $0.99 during trading hours on Friday, reaching $29.16. The company's stock had a trading volume of 24,894 shares, compared to its average volume of 17,012. The business has a 50-day simple moving average of $32.01 and a 200 day simple moving average of $31.24. Makita has a 52 week low of $25.56 and a 52 week high of $39.05. The stock has a market cap of $7.84 billion, a PE ratio of 17.46 and a beta of 0.65.
Makita (OTCMKTS:MKTAY - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.58 earnings per share for the quarter. Makita had a return on equity of 7.52% and a net margin of 9.09%. As a group, equities analysts predict that Makita will post 1.56 EPS for the current year.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Citigroup lowered Makita from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th. UBS Group raised shares of Makita from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 30th.
View Our Latest Report on Makita
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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