Makita (OTCMKTS:MKTAY) Issues Quarterly Earnings Results

Makita (OTCMKTS:MKTAY) released its earnings results on Wednesday. The company reported $0.58 earnings per share (EPS) for the quarter, Zacks reports. Makita had a net margin of 7.53% and a return on equity of 6.30%.

Makita Trading Up 3.8 %

Shares of OTCMKTS:MKTAY opened at $30.99 on Wednesday. The business has a fifty day simple moving average of $30.42 and a 200 day simple moving average of $31.25. Makita has a 1 year low of $24.59 and a 1 year high of $35.49. The firm has a market cap of $8.34 billion, a price-to-earnings ratio of 21.38 and a beta of 0.74.

About Makita

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.