Makita (OTCMKTS:MKTAY) Shares Gap Up – Time to Buy?

Shares of Makita Corp. (OTCMKTS:MKTAY) gapped up prior to trading on Thursday . The stock had previously closed at $32.75, but opened at $35.0488. Makita shares last traded at $35.0450, with a volume of 717 shares.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. The Goldman Sachs Group cut shares of Makita from a “hold” rating to a “sell” rating in a report on Wednesday, January 14th. Wall Street Zen raised shares of Makita from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Makita presently has a consensus rating of “Sell”.

Makita Trading Up 0.3%

The stock’s 50-day moving average is $35.81 and its 200-day moving average is $32.48. The stock has a market cap of $9.32 billion, a P/E ratio of 18.65 and a beta of 0.60.

Makita (OTCMKTS:MKTAY) last announced its earnings results on Thursday, January 29th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.19 billion. Makita had a net margin of 9.96% and a return on equity of 7.85%. On average, equities analysts forecast that Makita Corp. will post 1.56 EPS for the current year.

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.