Makita (OTCMKTS:MKTAY – Get Free Report) posted its earnings results on Wednesday. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.49 by $0.07, Zacks reports. Makita had a net margin of 10.21% and a return on equity of 8.14%.
Makita Price Performance
Shares of Makita stock traded down $0.36 during trading hours on Wednesday, hitting $34.39. 6,713 shares of the company’s stock traded hands, compared to its average volume of 17,949. The stock has a market capitalization of $9.10 billion, a price-to-earnings ratio of 17.28 and a beta of 0.61. Makita has a 12-month low of $26.76 and a 12-month high of $41.20. The company has a fifty day simple moving average of $35.23 and a 200-day simple moving average of $35.09.
About Makita
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.
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