Makita (OTCMKTS:MKTAY) Stock Price Breaks Above 50-Day Moving Average – Here’s Why

Makita Corp. (OTCMKTS:MKTAY) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $33.50 and traded as high as $34.29. Makita shares last traded at $33.62, with a volume of 18,850 shares traded.

Makita Stock Up 1.0%

The firm has a market cap of $8.89 billion, a price-to-earnings ratio of 16.40 and a beta of 0.59. The stock has a 50 day moving average of $33.50 and a 200 day moving average of $34.60.

Makita (OTCMKTS:MKTAY) last announced its quarterly earnings data on Friday, October 30th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.31 billion. Makita had a net margin of 10.40% and a return on equity of 8.23%.

Makita Company Profile

Makita Corporation is a Japanese manufacturer of professional power tools and related equipment. The company’s product portfolio includes cordless and corded tools such as drills, impact drivers, saws, grinders, sanders, planers, and rotary hammers, as well as pneumatic tools, outdoor power equipment, batteries, chargers, accessories, and related products.

Makita serves professional users and consumers in the construction, woodworking, manufacturing, maintenance, landscaping, and home-improvement markets.