Makita (OTCMKTS:MKTAY) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Makita Co. (OTCMKTS:MKTAY) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $30.89 and traded as low as $29.03. Makita shares last traded at $29.03, with a volume of 6,401 shares changing hands.

Analyst Ratings Changes

Several research firms have recently issued reports on MKTAY. Citigroup lowered Makita from a “strong-buy” rating to a “hold” rating in a report on Monday, April 7th. Wall Street Zen lowered Makita from a “buy” rating to a “hold” rating in a report on Friday, May 30th.

Makita Price Performance

The firm has a fifty day simple moving average of $29.67 and a two-hundred day simple moving average of $30.90. The firm has a market capitalization of $7.81 billion, a P/E ratio of 17.38 and a beta of 0.67.

Makita (OTCMKTS:MKTAY) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.21. Makita had a return on equity of 7.52% and a net margin of 9.09%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $186.50 billion. On average, research analysts anticipate that Makita Co. will post 1.56 EPS 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.