Makita (OTCMKTS:MKTAY) Lowered to Hold Rating by Wall Street Zen

Makita (OTCMKTS:MKTAY) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Makita Stock Performance

Shares of MKTAY opened at $27.40 on Wednesday. Makita has a one year low of $25.56 and a one year high of $39.05. The stock’s fifty day moving average is $31.73 and its 200-day moving average is $31.76. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 13.30 and a beta of 0.58.

Makita (OTCMKTS:MKTAY) last announced its earnings results on Friday, October 31st. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.27 billion. Makita had a net margin of 11.07% and a return on equity of 9.00%. Analysts forecast that Makita will post 1.56 EPS for the current fiscal year.

Makita Company Profile

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.