Makita Corp. (OTCMKTS:MKTAY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Makita Corp manufactures portable electric power tools, hand-held vacuum cleaners and power saws. Their products include impact wrenches, band saws, groove cutters, hedgetrimmers and weed cutters. They also make attachments and other parts along with performing repair work. Makita Benelux BV is the Netherlands subsidiary. “

Shares of Makita Corp. (OTCMKTS:MKTAY) opened at 70.05 on Tuesday. Makita Corp. has a one year low of $52.20 and a one year high of $75.35. The stock has a 50 day moving average price of $0.00 and a 200-day moving average price of $0.00.

About Makita Corp.

Makita Corporation is engaged in the business of production and sale of electric power tools, woodworking machines, pneumatic tools, gardening equipment and household equipment. The Company manufactures and sells portable electric planers. The Company’s segments are Japan, Europe, North America, Asia and Other area.

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