Makita Co. (OTCMKTS:MKTAY) Short Interest Update

Makita Co. (OTCMKTS:MKTAY) saw a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 500 shares, a decline of 83.9% from the May 15th total of 3,100 shares. Based on an average daily volume of 48,100 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

A number of brokerages have recently commented on MKTAY. Wall Street Zen lowered shares of Makita from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Citigroup lowered shares of Makita from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th.

Makita Stock Down 0.2%

MKTAY stock opened at $29.86 on Friday. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 17.88 and a beta of 0.67. Makita has a 12-month low of $25.56 and a 12-month high of $39.05. The company’s fifty day simple moving average is $29.79 and its 200 day simple moving average is $30.87.

Makita (OTCMKTS:MKTAY) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.21. Makita had a net margin of 9.09% and a return on equity of 7.52%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $186.50 billion. Research analysts expect that Makita will post 1.56 earnings per share for the current 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.