Makita (OTCMKTS:MKTAY) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Makita Co. (OTCMKTS:MKTAYGet Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.21 and traded as low as $30.11. Makita shares last traded at $31.12, with a volume of 16,489 shares trading hands.

Analyst Ratings Changes

Separately, UBS Group upgraded shares of Makita from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 30th.

Get Our Latest Analysis on MKTAY

Makita Trading Down 0.0 %

The company has a market cap of $8.37 billion, a PE ratio of 18.63 and a beta of 0.74. The business’s 50 day moving average is $30.10 and its two-hundred day moving average is $31.22.

Makita (OTCMKTS:MKTAYGet Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.58 EPS for the quarter. Makita had a return on equity of 7.59% and a net margin of 9.09%. As a group, equities research analysts predict that Makita Co. will post 1.56 EPS for the current fiscal year.

About Makita

(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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