Makita (OTCMKTS:MKTAY) Stock Rating Upgraded by The Goldman Sachs Group

Makita (OTCMKTS:MKTAY) was upgraded by The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, Briefing.com reports.

Makita Trading Up 1.2 %

OTCMKTS MKTAY traded up $0.32 on Monday, hitting $27.25. 6,700 shares of the company traded hands, compared to its average volume of 9,723. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 24.12 and a beta of 0.77. The business’s 50 day moving average price is $28.97 and its 200-day moving average price is $27.67. Makita has a 52-week low of $23.38 and a 52-week high of $31.88.

Makita (OTCMKTS:MKTAY) last announced its quarterly earnings data on Friday, April 26th. The company reported $0.28 EPS for the quarter. Makita had a return on equity of 5.12% and a net margin of 5.89%. The business had revenue of $1.28 billion for the quarter. As a group, sell-side analysts predict that Makita will post 1.31 earnings per share for the current year.

About Makita

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.