Makita (OTCMKTS:MKTAY) Sees Strong Trading Volume – Should You Buy?

Makita Corp. (OTCMKTS:MKTAY) shares saw unusually-strong trading volume on Monday . Approximately 14,773 shares were traded during trading, a decline of 13% from the previous session’s volume of 17,076 shares.The stock last traded at $38.5036 and had previously closed at $36.92.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MKTAY. The Goldman Sachs Group lowered Makita from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. Wall Street Zen raised shares of Makita from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Makita Stock Up 1.0%

The firm has a market capitalization of $10.65 billion, a price-to-earnings ratio of 21.30 and a beta of 0.53. The company’s fifty day moving average is $31.76 and its two-hundred day moving average is $32.06.

Makita (OTCMKTS:MKTAY) last issued its earnings results on Thursday, January 29th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. Makita had a net margin of 9.96% and a return on equity of 7.85%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.19 billion. On average, equities research analysts expect that Makita Corp. will post 1.56 EPS for the current year.

Makita Company Profile

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.