Posted by admin on Jul 3rd, 2022
Makita Co. (OTCMKTS:MKTAY – Get Rating) hit a new 52-week low during trading on Friday . The stock traded as low as $24.15 and last traded at $24.65, with a volume of 58667 shares trading hands. The stock had previously closed at $24.51.
A number of research analysts have weighed in on the company. JPMorgan Chase & Co. downgraded Makita from an “overweight” rating to a “neutral” rating in a research note on Thursday. Daiwa Capital Markets cut shares of Makita from an “outperform” rating to a “neutral” rating in a research note on Friday, May 20th.
The firm’s 50 day moving average price is $27.28 and its two-hundred day moving average price is $33.05. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 11.52 and a beta of 0.93.
Makita (OTCMKTS:MKTAY – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. Makita had a return on equity of 9.13% and a net margin of 8.80%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.61 billion. On average, analysts anticipate that Makita Co. will post 1.8 EPS for the current fiscal year.
Makita Company Profile (OTCMKTS:MKTAY)
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.
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