Makita (OTCMKTS:MKTAY – Get Free Report) issued its quarterly earnings results on Friday. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.51 by $0.10, Zacks reports. Makita had a net margin of 10.40% and a return on equity of 8.23%.
Makita Price Performance
Shares of MKTAY traded up $0.32 during mid-day trading on Friday, reaching $33.62. 18,850 shares of the company’s stock traded hands, compared to its average volume of 18,263. The stock has a market cap of $8.89 billion, a P/E ratio of 16.40 and a beta of 0.59. The stock’s 50-day moving average is $33.48 and its two-hundred day moving average is $34.60. Makita has a 12 month low of $26.76 and a 12 month high of $41.20.
Makita Company Profile
Makita Corporation is a Japanese manufacturer of professional power tools and related equipment. The company’s product portfolio includes cordless and corded tools such as drills, impact drivers, saws, grinders, sanders, planers, and rotary hammers, as well as pneumatic tools, outdoor power equipment, batteries, chargers, accessories, and related products.
Makita serves professional users and consumers in the construction, woodworking, manufacturing, maintenance, landscaping, and home-improvement markets.
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