Makita Corp. (OTCMKTS:MKTAY) Sees Significant Decrease in Short Interest

Makita Corp. (OTCMKTS:MKTAY) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 3,552 shares, a decline of 52.3% from the April 15th total of 7,449 shares. Based on an average daily trading volume, of 29,506 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Makita Trading Up 0.6%

Makita stock traded up $0.22 during midday trading on Friday, reaching $35.73. The stock had a trading volume of 11,707 shares, compared to its average volume of 17,564. Makita has a 12 month low of $26.76 and a 12 month high of $41.20. The company has a market capitalization of $9.45 billion, a P/E ratio of 17.95 and a beta of 0.66. The company has a fifty day moving average price of $34.65 and a two-hundred day moving average price of $33.08.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Makita from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

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.