Shares of Makita Corp. (OTCMKTS:MKTAY – Get Free Report) passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $34.55 and traded as low as $32.92. Makita shares last traded at $32.92, with a volume of 35,511 shares changing hands.
Makita Stock Performance
The stock has a market capitalization of $8.83 billion, a price-to-earnings ratio of 16.29 and a beta of 0.59. The firm has a fifty day moving average of $33.48 and a 200-day moving average of $34.54.
Makita (OTCMKTS:MKTAY – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.05. Makita had a net margin of 10.40% and a return on equity of 8.23%. 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 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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