Makita (OTCMKTS:MKTAY) Sees Unusually-High Trading Volume – Here’s What Happened

Makita Corp. (OTCMKTS:MKTAY) saw unusually-high trading volume on Thursday . Approximately 204,251 shares were traded during mid-day trading, an increase of 1,060% from the previous session’s volume of 17,609 shares.The stock last traded at $27.09 and had previously closed at $27.04.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Makita from a “buy” rating to a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Makita has a consensus rating of “Buy”.

Makita Stock Performance

The stock has a market cap of $7.22 billion, a PE ratio of 13.02 and a beta of 0.58. The firm’s 50-day moving average is $31.58 and its 200 day moving average is $31.72.

Makita (OTCMKTS:MKTAY) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Makita had a net margin of 11.07% and a return on equity of 9.00%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.27 billion. On average, sell-side analysts predict that Makita Corp. will post 1.56 EPS for the current fiscal year.

About Makita

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.