Makita (OTCMKTS:MKTAY) Reaches New 12-Month High – Here’s Why

Shares of Makita Co. (OTCMKTS:MKTAY) reached a new 52-week high on Tuesday . The company traded as high as $38.78 and last traded at $37.45, with a volume of 6211 shares trading hands. The stock had previously closed at $36.38.

Analyst Ratings Changes

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

Makita Price Performance

The firm has a market cap of $10.07 billion, a P/E ratio of 22.43 and a beta of 0.70. The stock’s 50-day simple moving average is $31.10 and its two-hundred day simple moving average is $31.61.

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