Makita (OTCMKTS:MKTAY) Shares Gap Down – What’s Next?

Makita Corp. (OTCMKTS:MKTAY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $29.99, but opened at $28.66. Makita shares last traded at $30.20, with a volume of 1,208 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Makita from a “buy” rating to a “hold” rating in a research report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Makita presently has a consensus rating of “Buy”.

Makita Trading Up 1.3%

The firm has a market cap of $8.17 billion, a P/E ratio of 15.11 and a beta of 0.52. The stock’s fifty day moving average is $30.22 and its two-hundred day moving average is $31.55.

Makita (OTCMKTS:MKTAY) last announced its quarterly earnings results on Friday, October 31st. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. Makita had a net margin of 10.72% and a return on equity of 8.53%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.27 billion. On average, analysts forecast that Makita Corp. will post 1.56 EPS for the current year.

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.