Makita (OTCMKTS:MKTAY) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Makita Co. (OTCMKTS:MKTAY) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $31.48 and traded as high as $37.31. Makita shares last traded at $35.88, with a volume of 7,194 shares trading hands.

Analyst Ratings Changes

Separately, UBS Group raised shares of Makita from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 30th.

Makita Price Performance

The firm has a fifty day moving average of $30.55 and a two-hundred day moving average of $31.51. The stock has a market capitalization of $9.65 billion, a P/E ratio of 21.48 and a beta of 0.70.

Makita (OTCMKTS:MKTAY) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.58 earnings per share for the quarter. Makita had a return on equity of 7.52% and a net margin of 9.09%. As a group, sell-side analysts forecast that Makita Co. will post 1.56 EPS for the current fiscal year.

Makita Company Profile

Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Australia, Brazil, and the United Arab Emirates. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sanding, sawing, planning/routering, pneumatic, outdoor power, and dust extraction/other equipment, as well as accessories; and cutting equipment for new materials, masonry, and metals.