Makita Corp. (OTCMKTS:MKTAY – Get Free Report) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 3,378 shares, a decrease of 83.2% from the July 30th total of 20,102 shares. Based on an average daily trading volume, of 32,117 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.
Makita Stock Down 0.4%
Shares of OTCMKTS:MKTAY traded down $0.13 during trading on Wednesday, reaching $33.14. 7,691 shares of the company traded hands, compared to its average volume of 18,483. The firm has a fifty day simple moving average of $34.69 and a 200 day simple moving average of $35.27. Makita has a 1-year low of $26.76 and a 1-year high of $41.20. The firm has a market cap of $8.77 billion, a P/E ratio of 16.17 and a beta of 0.61.
Makita (OTCMKTS:MKTAY – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. Makita had a net margin of 10.40% and a return on equity of 8.21%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion.
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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