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

Makita Corp. (OTCMKTS:MKTAY) gapped up prior to trading on Friday . The stock had previously closed at $33.10, but opened at $34.64. Makita shares last traded at $34.5690, with a volume of 1,387 shares traded.

Makita Stock Performance

The firm has a fifty day moving average of $34.03 and a 200 day moving average of $34.79. The firm has a market capitalization of $9.14 billion, a PE ratio of 16.85 and a beta of 0.60.

Makita (OTCMKTS:MKTAY) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.05. Makita had a net margin of 10.40% and a return on equity of 8.23%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion.

About Makita

Makita Corporation is a Japanese manufacturer of professional power tools and related equipment. Founded in 1915, the company initially provided electric motor repair and sales services before expanding into the manufacture of power tools. Makita is headquartered in Anjo, Aichi, Japan.

The company’s product portfolio includes cordless and corded power tools such as drills, impact drivers, saws, grinders, sanders and planers. Makita also produces outdoor power equipment, including lawn mowers, trimmers, blowers and chainsaws, as well as pneumatic tools, accessories, batteries and chargers.

Makita serves construction, woodworking, landscaping, manufacturing and other professional markets.