Makita (OTCMKTS:MKTAY) Shares Gap Down – Should You Sell?

Makita Corp. (OTCMKTS:MKTAY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $31.90, but opened at $30.63. Makita shares last traded at $30.63, with a volume of 202 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Makita from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Makita currently has a consensus rating of “Buy”.

Makita Price Performance

The stock has a market capitalization of $8.05 billion, a P/E ratio of 14.52 and a beta of 0.59. The stock’s fifty day moving average is $33.88 and its 200-day moving average is $31.50.

Makita (OTCMKTS:MKTAY) last released its earnings results on Wednesday, July 30th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.12. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $187.49 billion. Makita had a net margin of 11.07% and a return on equity of 9.11%. On average, research analysts expect that Makita Corp. will post 1.56 EPS 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.