Makita (OTCMKTS:MKTAY) Shares Gap Down – Here’s Why

by · The Cerbat Gem

Makita Corp. (OTCMKTS:MKTAY – Get Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $34.45, but opened at $32.24. Makita shares last traded at $33.85, with a volume of 3,359 shares trading hands.

Makita Stock Performance

The stock has a market cap of $8.90 billion, a P/E ratio of 16.90 and a beta of 0.63. The business has a 50 day simple moving average of $35.06 and a 200-day simple moving average of $33.74.

Makita (OTCMKTS:MKTAY – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. Makita had a return on equity of 8.14% and a net margin of 10.21%.

About Makita

(Get Free Report)

Makita Corporation (OTCMKTS:MKTAY) is a global manufacturer of professional and consumer power tools headquartered in Anjō, Aichi Prefecture, Japan. Founded in 1915 as an electric motor sales and repair company, it incorporated as Makita Electric Works, Ltd. in 1958 and has since expanded its product portfolio to serve both industrial and residential markets. The company’s core business activities encompass the design, production and distribution of power tools, outdoor power equipment and accessories.

Makita’s product lineup includes cordless and corded electric drills, drivers, saws, grinders, sanders and rotary hammers, as well as pneumatic and gasoline-powered machinery.

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