Makita Corp. (OTCMKTS:MKTAY – Get Free Report)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $33.6860, but opened at $35.1289. Makita shares last traded at $35.1289, with a volume of 460 shares.
Makita Stock Down 1.4%
The firm has a 50-day moving average of $35.14 and a two-hundred day moving average of $33.83. The company has a market capitalization of $9.12 billion, a PE ratio of 17.33 and a beta of 0.63.
Makita (OTCMKTS:MKTAY – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.09. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Makita had a return on equity of 8.14% and a net margin of 10.21%.
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.
See Also
- Five stocks we like better than Makita
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
- ERock IPO: A $1.3B Power Play Solution
Receive News & Ratings for Makita Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Makita and related companies with MarketBeat.com's FREE daily email newsletter.
