Makita Corp. (OTCMKTS:MKTAY – Get Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $33.31, but opened at $34.81. Makita shares last traded at $34.1885, with a volume of 1,313 shares trading hands.
Makita Price Performance
The firm has a market cap of $8.99 billion, a P/E ratio of 17.07 and a beta of 0.63. The business’s 50-day moving average is $34.91 and its two-hundred day moving average is $33.50.
Makita (OTCMKTS:MKTAY – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Makita had a net margin of 10.21% and a return on equity of 8.14%.
Makita Company Profile
Makita Corporation (OTCMKTS:MKTAY) is a global manufacturer of professional and consumer power tools headquartered in Anjō, Aichi Prefecture, Japan. Founded in 1915 as an electric motor sales and repair company, it incorporated as Makita Electric Works, Ltd. in 1958 and has since expanded its product portfolio to serve both industrial and residential markets. The company’s core business activities encompass the design, production and distribution of power tools, outdoor power equipment and accessories.
Makita’s product lineup includes cordless and corded electric drills, drivers, saws, grinders, sanders and rotary hammers, as well as pneumatic and gasoline-powered machinery.
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