Makita Corp. (OTCMKTS:MKTAY – Get Free Report) shares gapped up prior to trading on Thursday. The stock had previously closed at $34.01, but opened at $34.94. Makita shares last traded at $34.94, with a volume of 813 shares trading hands.
Makita Trading Up 1.3%
The company has a market capitalization of $9.09 billion, a PE ratio of 16.77 and a beta of 0.60. The company’s 50 day moving average price is $33.77 and its 200-day moving average price is $34.54.
Makita (OTCMKTS:MKTAY – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.05. Makita had a return on equity of 8.23% and a net margin of 10.40%.The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion.
Makita Company Profile
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.
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