Makita (OTCMKTS:MKTAY) Stock Breaks Above 200-Day Moving Average – Here’s What Happened

Makita Corp. (OTCMKTS:MKTAY) passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $34.69 and traded as high as $35.17. Makita shares last traded at $35.13, with a volume of 29,468 shares changing hands.

Makita Trading Up 2.0%

The company has a market capitalization of $9.37 billion, a PE ratio of 16.40 and a beta of 0.69. The firm has a fifty day moving average of $33.72 and a two-hundred day moving average of $34.73.

Makita (OTCMKTS:MKTAY) last released its quarterly earnings data on Friday, October 30th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.51 by $0.10. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Makita had a return on equity of 8.60% and a net margin of 10.87%.

About Makita

Makita Corporation is a Japanese manufacturer of power tools and related equipment. Its product range includes cordless and corded tools for construction, woodworking and other professional applications, as well as outdoor power equipment, pneumatic tools and cleaning products. Founded in 1915, Makita began as an electric motor sales and repair business before expanding into manufacturing. The company is headquartered in Anjo, Aichi Prefecture, Japan. Makita serves customers around the world through its international subsidiaries and distribution network, supplying tools and equipment to professional tradespeople, businesses and consumers.