Makita (OTCMKTS:MKTAY) Sees Unusually-High Trading Volume – Here’s Why

Shares of Makita Corp. (OTCMKTS:MKTAY) saw unusually-high trading volume on Tuesday . 18,460 shares changed hands during mid-day trading, an increase of 5% from the previous session’s volume of 17,506 shares.The stock last traded at $36.65 and had previously closed at $37.41.

Makita Stock Performance

The business has a fifty day simple moving average of $35.72 and a 200 day simple moving average of $34.68. The company has a market cap of $9.29 billion, a P/E ratio of 17.64 and a beta of 0.61.

Makita (OTCMKTS:MKTAY) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. The business 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%.

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.