Makita (OTCMKTS:MKTAY) Shares Gap Up – Should You Buy?

Makita Corp. (OTCMKTS:MKTAY) shares gapped up prior to trading on Friday . The stock had previously closed at $26.82, but opened at $28.14. Makita shares last traded at $28.2150, with a volume of 6,942 shares trading hands.

Wall Street Analyst Weigh In

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

Makita Trading Up 4.9%

The company has a fifty day moving average price of $31.42 and a two-hundred day moving average price of $31.69. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 13.66 and a beta of 0.58.

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

Makita Company Profile

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.