Makita (OTCMKTS:MKTAY) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Makita Co. (OTCMKTS:MKTAY) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.21 and traded as low as $30.11. Makita shares last traded at $31.12, with a volume of 16,489 shares.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised shares of Makita from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 30th.

Makita Stock Up 3.9 %

The firm has a fifty day moving average of $30.12 and a 200-day moving average of $31.21. The stock has a market capitalization of $8.37 billion, a price-to-earnings ratio of 18.63 and a beta of 0.74.

Makita (OTCMKTS:MKTAY) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.58 earnings per share (EPS) for the quarter. Makita had a return on equity of 7.59% and a net margin of 9.09%. As a group, research analysts forecast that Makita Co. will post 1.56 EPS for the current fiscal year.

Makita Company Profile

Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Australia, Brazil, and the United Arab Emirates. 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.