Posted by admin on Jul 9th, 2022
Shares of Makita Co. (OTCMKTS:MKTAY – Get Rating) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $32.47 and traded as low as $25.02. Makita shares last traded at $25.77, with a volume of 40,527 shares changing hands.
MKTAY has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut shares of Makita from an “overweight” rating to a “neutral” rating in a research report on Thursday, June 30th. Daiwa Capital Markets cut shares of Makita from an “outperform” rating to a “neutral” rating in a research report on Friday, May 20th.
The company has a market cap of $7.00 billion, a PE ratio of 12.04 and a beta of 0.94. The business’s 50 day moving average price is $26.88 and its 200-day moving average price is $32.47.
Makita (OTCMKTS:MKTAY – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.61 billion. Makita had a net margin of 8.80% and a return on equity of 9.13%. On average, equities research analysts predict that Makita Co. will post 1.73 earnings per share 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.
Receive News & Ratings for Makita Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Makita and related companies with MarketBeat.com's FREE daily email newsletter.
Berenberg Bank Raises Tharisa (LON:THS) Price Target to GBX 280
Scotiabank Cuts Hudbay Minerals (TSE:HBM) Price Target to C$7.50