Makita (OTCMKTS:MKTAY) Sees Unusually-High Trading Volume – Should You Buy?

Makita Corp. (OTCMKTS:MKTAY) shares saw unusually-strong trading volume on Tuesday . 18,460 shares traded hands during trading, an increase of 5% from the previous session’s volume of 17,506 shares.The stock last traded at $36.65 and had previously closed at $37.41.

Makita Trading Down 2.5%

The stock has a market capitalization of $9.65 billion, a price-to-earnings ratio of 18.33 and a beta of 0.61. The stock’s 50 day moving average is $35.63 and its two-hundred day moving average is $34.61.

Makita (OTCMKTS:MKTAY) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.09. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.26 billion. Makita had a return on equity of 8.14% and a net margin of 10.21%.

Makita Company Profile

Makita Corporation (OTCMKTS:MKTAY) is a global manufacturer of professional and consumer power tools headquartered in Anjō, Aichi Prefecture, Japan. Founded in 1915 as an electric motor sales and repair company, it incorporated as Makita Electric Works, Ltd. in 1958 and has since expanded its product portfolio to serve both industrial and residential markets. The company’s core business activities encompass the design, production and distribution of power tools, outdoor power equipment and accessories.

Makita’s product lineup includes cordless and corded electric drills, drivers, saws, grinders, sanders and rotary hammers, as well as pneumatic and gasoline-powered machinery.