Makita (OTCMKTS:MKTAY) Sees Large Volume Increase – Here’s What Happened

Makita Corp. (OTCMKTS:MKTAY) saw strong trading volume on Tuesday. 29,825 shares were traded during trading, an increase of 62% from the average daily volume of 18,419 shares. The stock last traded at $34.79 and had previously closed at $35.13.

Makita Stock Down 1.4%

The company’s 50-day moving average price is $33.63 and its 200-day moving average price is $34.69. The firm has a market cap of $9.16 billion, a price-to-earnings ratio of 16.03 and a beta of 0.69.

Makita (OTCMKTS:MKTAY) last announced its quarterly earnings data on Friday, October 30th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. Makita had a net margin of 10.87% and a return on equity of 8.60%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion.

About Makita

Makita Corporation is a Japanese manufacturer of power tools and related equipment. Its product range includes cordless and corded tools for construction, woodworking and other professional applications, as well as outdoor power equipment, pneumatic tools and cleaning products. Founded in 1915, Makita began as an electric motor sales and repair business before expanding into manufacturing. The company is headquartered in Anjo, Aichi Prefecture, Japan. Makita serves customers around the world through its international subsidiaries and distribution network, supplying tools and equipment to professional tradespeople, businesses and consumers.