Makita (OTCMKTS:MKTAY) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of Makita Co. (OTCMKTS:MKTAYGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.03 and traded as low as $30.38. Makita shares last traded at $30.85, with a volume of 15,757 shares trading hands.

Makita Price Performance

The company has a market capitalization of $8.33 billion, a PE ratio of 22.28 and a beta of 0.74. The firm has a 50-day simple moving average of $30.94 and a 200 day simple moving average of $31.05.

Makita Company Profile

(Get Free Report)

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.

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