Shares of Makita Corp. (OTCMKTS:MKTAY – Get Free Report) saw strong trading volume on Wednesday . Approximately 74,519 shares traded hands during trading, an increase of 303% from the previous session’s volume of 18,476 shares.The stock last traded at $32.58 and had previously closed at $32.61.
Makita Trading Down 0.4%
The company has a market cap of $8.59 billion, a PE ratio of 15.85 and a beta of 0.61. The business’s 50 day moving average is $34.91 and its two-hundred day moving average is $35.36.
Makita (OTCMKTS:MKTAY – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Makita had a return on equity of 8.21% and a net margin of 10.40%.
About Makita
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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