Makita (OTCMKTS:MKTAY) Issues Quarterly Earnings Results

Makita (OTCMKTS:MKTAY) released its earnings results on Thursday. The company reported $0.46 earnings per share (EPS) for the quarter, Zacks reports. Makita had a return on equity of 8.53% and a net margin of 10.72%.

Makita Stock Up 4.6%

Shares of MKTAY traded up $1.43 during trading hours on Thursday, hitting $32.65. The company had a trading volume of 10,767 shares, compared to its average volume of 17,633. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 16.25 and a beta of 0.52. The business has a fifty day moving average of $30.31 and a 200-day moving average of $31.69. Makita has a 12 month low of $25.56 and a 12 month high of $39.05.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MKTAY shares. Wall Street Zen cut shares of Makita from a “buy” rating to a “hold” rating in a research note on Sunday, January 18th. The Goldman Sachs Group downgraded shares of Makita from a “hold” rating to a “sell” rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

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.