Makita (OTCMKTS:MKTAY) Lowered to Hold Rating by Citigroup

Makita (OTCMKTS:MKTAY) was downgraded by research analysts at Citigroup from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

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

Makita Stock Performance

Shares of OTCMKTS:MKTAY opened at $25.71 on Monday. The firm has a 50 day simple moving average of $32.26 and a 200 day simple moving average of $31.61. Makita has a 52 week low of $25.70 and a 52 week high of $39.05. The company has a market cap of $6.92 billion, a PE ratio of 15.40 and a beta of 0.65.

Makita (OTCMKTS:MKTAY) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.58 earnings per share for the quarter. Makita had a return on equity of 7.52% and a net margin of 9.09%. On average, equities analysts predict that Makita will post 1.56 earnings per share for the current year.

Makita Company Profile

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.