Makita Corp. (OTCMKTS:MKTAY – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $34.01, but opened at $34.94. Makita shares last traded at $34.94, with a volume of 813 shares changing hands.
Makita Stock Down 0.3%
The company’s fifty day simple moving average is $33.79 and its two-hundred day simple moving average is $34.55. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 16.51 and a beta of 0.60.
Makita (OTCMKTS:MKTAY – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Makita had a net margin of 10.40% and a return on equity of 8.23%.
Makita Company Profile
Makita Corporation is a Japanese manufacturer of professional power tools and related equipment. Founded in 1915, the company initially provided electric motor repair and sales services before expanding into the manufacture of power tools. Makita is headquartered in Anjo, Aichi, Japan.
The company’s product portfolio includes cordless and corded power tools such as drills, impact drivers, saws, grinders, sanders and planers. Makita also produces outdoor power equipment, including lawn mowers, trimmers, blowers and chainsaws, as well as pneumatic tools, accessories, batteries and chargers.
Makita serves construction, woodworking, landscaping, manufacturing and other professional markets.
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