Makita (OTCMKTS:MKTAY) Sees Strong Trading Volume – Here’s Why

Shares of Makita Corp. (OTCMKTS:MKTAY) saw unusually-strong trading volume on Tuesday. 29,825 shares changed hands during mid-day trading, an increase of 62% from the average daily volume of 18,419 shares. The stock last traded at $34.79 and had previously closed at $35.13.

Makita Trading Up 2.0%

The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 16.40 and a beta of 0.69. The business’s 50-day simple moving average is $33.72 and its two-hundred day simple moving average is $34.73.

Makita (OTCMKTS:MKTAY) last issued its quarterly earnings results on Friday, October 30th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. Makita had a net margin of 10.87% and a return on equity of 8.60%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion.

Makita Company Profile

Makita Corporation is a Japanese manufacturer of power tools and related equipment. Its product range includes cordless and corded tools for construction, woodworking and other professional applications, as well as outdoor power equipment, pneumatic tools and cleaning products. Founded in 1915, Makita began as an electric motor sales and repair business before expanding into manufacturing. The company is headquartered in Anjo, Aichi Prefecture, Japan. Makita serves customers around the world through its international subsidiaries and distribution network, supplying tools and equipment to professional tradespeople, businesses and consumers.