Wall Street Zen upgraded shares of Makita (OTCMKTS:MKTAY - Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday.
Separately, Citigroup lowered Makita from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 7th.
Get Our Latest Stock Analysis on Makita
Makita Stock Up 2.2%
Shares of OTCMKTS MKTAY traded up $0.68 during trading on Friday, hitting $31.28. 6,803 shares of the company traded hands, compared to its average volume of 33,778. Makita has a 1 year low of $25.56 and a 1 year high of $39.05. The company has a 50-day moving average price of $30.40 and a 200-day moving average price of $30.75. The firm has a market capitalization of $8.42 billion, a P/E ratio of 17.19 and a beta of 0.65.
Makita (OTCMKTS:MKTAY - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.21. Makita had a net margin of 10.05% and a return on equity of 8.16%. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $186.50 billion. Research analysts predict that Makita will post 1.56 EPS for the current fiscal year.
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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