Makita Corp. (OTCMKTS:MKTAY) Short Interest Update

Makita Corp. (OTCMKTS:MKTAY) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 6,700 shares, a decrease of 85.2% from the June 30th total of 45,372 shares. Based on an average daily volume of 49,842 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Makita Price Performance

MKTAY stock opened at $34.38 on Friday. The company’s 50 day simple moving average is $35.25 and its 200-day simple moving average is $35.00. Makita has a 12 month low of $26.76 and a 12 month high of $41.20. The firm has a market capitalization of $9.09 billion, a PE ratio of 17.28 and a beta of 0.61.

Makita (OTCMKTS:MKTAY) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.09. Makita had a return on equity of 8.14% and a net margin of 10.21%.The firm 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.