Makita (OTCMKTS:MKTAY) Shares Pass Above 50-Day Moving Average – What’s Next?

Makita Corp. (OTCMKTS:MKTAY) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $35.45 and traded as high as $37.05. Makita shares last traded at $36.90, with a volume of 13,698 shares traded.

Makita Stock Performance

The stock’s 50 day moving average price is $35.45 and its 200 day moving average price is $34.19. The company has a market capitalization of $9.76 billion, a P/E ratio of 18.54 and a beta of 0.63.

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

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.