Makita (OTCMKTS:MKTAY – Get Free Report) 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 – Get Free Report) 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.
Further Reading
- Five stocks we like better than Makita
- What is Insider Trading? What You Can Learn from Insider Trading
- These Top 3 Banks Raise Dividends After Passing Fed Stress Test
- 3 Warren Buffett Stocks to Buy Now
- Hitch a Ride with Lyft Stock for Double-Digit Gains in 2nd Half
- What is the Nikkei 225 index?
- Eli Lilly Stock Up: GLP-1 Zepbound Targets Sleep Apnea Market
Receive News & Ratings for Makita Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Makita and related companies with MarketBeat.com's FREE daily email newsletter.