Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
Makita Co. (OTCMKTS:MKTAY - Get Rating) saw a large decrease in short interest in May. As of May 31st, there was short interest totalling 2,300 shares, a decrease of 88.3% from the May 15th total of 19,600 shares. Based on an average daily volume of 120,200 shares, the days-to-cover ratio is currently 0.0 days.
A number of research firms recently weighed in on MKTAY. Zacks Investment Research lowered shares of Makita from a "hold" rating to a "strong sell" rating in a report on Friday, June 3rd. Daiwa Capital Markets lowered shares of Makita from an "outperform" rating to a "neutral" rating in a research note on Friday, May 20th.
Shares of Makita stock traded down $0.27 on Friday, reaching $27.06. 60,882 shares of the company traded hands, compared to its average volume of 61,214. The company has a 50 day moving average of $28.98 and a 200 day moving average of $35.27. Makita has a 52 week low of $26.05 and a 52 week high of $65.71. The firm has a market capitalization of $7.35 billion, a PE ratio of 12.77 and a beta of 0.93.
Makita (OTCMKTS:MKTAY - Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. Makita had a net margin of 8.80% and a return on equity of 9.13%. The firm had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.61 billion. Equities research analysts predict that Makita will post 1.8 EPS for the current year.
Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, rest of Asia, Central and South America, Oceania, and the Middle East and Africa. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sanding, sawing, planning/routering, pneumatic, outdoor power, and dust extraction/other equipment, as well as accessories; and cutting equipment for new materials, masonry, and metals.
Read MoreGet a free copy of the StockNews.com research report on Makita (MKTAY)NIO (NYSE: NIO) Justifies Recent RallyDocuSign (NASDAQ: DOCU) Collapses Back To Square OneHubSpot: A More Competitive ValuationCampbell Soup Company Is Why Staples Stocks Will Outperform Nutanix Stock Bestows a Cheap Entry
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Makita, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Makita wasn't on the list.
While Makita currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:
Kate chats with financial advisor and asset manager Marc Scudillo, who discusses some psychological aspects of investing in the current market, as well as the benefits of specific asset classes and investing styles.
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.