Shares of Makita Corp. (OTCMKTS:MKTAY – Get Free Report) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $34.52 and traded as low as $32.9650. Makita shares last traded at $33.1020, with a volume of 12,982 shares.
Makita Price Performance
The company has a 50-day simple moving average of $33.65 and a 200-day simple moving average of $34.52. The stock has a market cap of $8.76 billion, a PE ratio of 16.15 and a beta of 0.59.
Makita (OTCMKTS:MKTAY – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. Makita had a return on equity of 8.23% and a net margin of 10.40%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion.
Makita Company Profile
Makita Corporation is a Japanese manufacturer of professional power tools, outdoor power equipment and related accessories. Its product portfolio includes cordless and corded drills, impact drivers, saws, grinders, sanders, planers, routers, demolition tools and other equipment used in construction, woodworking, industrial maintenance and landscaping.
The company also offers battery systems, chargers, dust-extraction equipment, pneumatic tools and replacement accessories. Makita has expanded its cordless tool range across multiple voltage platforms, including equipment designed for both professional and consumer applications.
Founded in 1915 in Nagoya, Japan, Makita began as a motor sales and repair business before developing into a power-tool manufacturer.
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