Makita (OTCMKTS:MKTAY) Sees Large Volume Increase – What’s Next?

Makita Corp. (OTCMKTS:MKTAY) saw an uptick in trading volume on Tuesday . 61,700 shares traded hands during trading, an increase of 253% from the previous session’s volume of 17,473 shares.The stock last traded at $35.51 and had previously closed at $35.6430.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Makita from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Makita Stock Down 0.0%

The firm has a market capitalization of $9.43 billion, a price-to-earnings ratio of 17.91 and a beta of 0.66. The stock has a 50-day moving average price of $34.63 and a 200 day moving average price of $33.13.

Makita (OTCMKTS:MKTAY) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. Makita had a return on equity of 8.14% and a net margin of 10.21%.The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion.

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.