Makita (OTCMKTS:MKTAY) Sees Large Volume Increase – What’s Next?

Makita Corp. (OTCMKTS:MKTAY) shares saw unusually-high trading volume on Tuesday . Approximately 61,700 shares traded hands during mid-day trading, an increase of 253% from the previous session’s volume of 17,473 shares.The stock last traded at $35.51 and had previously closed at $35.6430.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Makita from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Makita currently has a consensus rating of “Sell”.

Makita Stock Down 0.0%

The stock has a fifty day moving average of $34.63 and a 200-day moving average of $33.13. The stock has a market capitalization of $9.43 billion, a price-to-earnings ratio of 17.91 and a beta of 0.66.

Makita (OTCMKTS:MKTAY) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.26 billion. Makita had a return on equity of 8.14% and a net margin of 10.21%.

About Makita

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.