Makita Corp. (OTCMKTS:MKTAY – Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $34.01, but opened at $34.94. Makita shares last traded at $34.94, with a volume of 813 shares traded.
Makita Stock Performance
The firm’s 50-day simple moving average is $33.79 and its 200 day simple moving average is $34.55. The company has a market cap of $8.95 billion, a P/E ratio of 16.51 and a beta of 0.60.
Makita (OTCMKTS:MKTAY – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.05. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. Makita had a return on equity of 8.23% and a net margin of 10.40%.
About Makita
Makita Corporation is a Japanese manufacturer of professional power tools and related equipment. Founded in 1915, the company initially provided electric motor repair and sales services before expanding into the manufacture of power tools. Makita is headquartered in Anjo, Aichi, Japan.
The company’s product portfolio includes cordless and corded power tools such as drills, impact drivers, saws, grinders, sanders and planers. Makita also produces outdoor power equipment, including lawn mowers, trimmers, blowers and chainsaws, as well as pneumatic tools, accessories, batteries and chargers.
Makita serves construction, woodworking, landscaping, manufacturing and other professional markets.
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