Makita (OTCMKTS:MKTAY) Shares Gap Down – Time to Sell?

Makita Corp. (OTCMKTS:MKTAY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $37.41, but opened at $35.08. Makita shares last traded at $35.08, with a volume of 206 shares traded.

Makita Trading Down 3.4%

The stock has a market cap of $9.27 billion, a price-to-earnings ratio of 17.62 and a beta of 0.61. The firm’s 50 day moving average is $35.69 and its two-hundred day moving average is $34.65.

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, topping the consensus estimate of $0.44 by $0.09. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Makita had a net margin of 10.21% and a return on equity of 8.14%.

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.