Makita (OTCMKTS:MKTAY) Posts Earnings Results

Makita (OTCMKTS:MKTAY) announced its quarterly earnings data on Thursday. The company reported $0.46 EPS for the quarter, Zacks reports. Makita had a return on equity of 8.53% and a net margin of 10.72%.

Makita Trading Up 4.6%

Shares of Makita stock traded up $1.43 during trading on Thursday, reaching $32.65. The stock had a trading volume of 10,767 shares, compared to its average volume of 17,633. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 16.25 and a beta of 0.52. The stock has a fifty day moving average price of $30.31 and a two-hundred day moving average price of $31.69. Makita has a 52 week low of $25.56 and a 52 week high of $39.05.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MKTAY shares. The Goldman Sachs Group lowered Makita from a “hold” rating to a “sell” rating in a research report on Wednesday, January 14th. Wall Street Zen cut shares of Makita from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

About Makita

Makita Corporation (OTCMKTS:MKTAY) is a global manufacturer of professional and consumer power tools headquartered in Anj?, 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.