Makita Co. (OTCMKTS:MKTAY – Get Rating)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $20.11 and last traded at $20.15, with a volume of 44907 shares changing hands. The stock had previously closed at $20.80.
Analysts Set New Price Targets
A number of research firms recently commented on MKTAY. JPMorgan Chase & Co. lowered shares of Makita from an “overweight” rating to a “neutral” rating in a report on Thursday, June 30th. Nomura lowered shares of Makita from a “buy” rating to a “neutral” rating in a report on Monday, August 15th.
Makita Stock Performance
The stock’s 50-day simple moving average is $23.58 and its 200-day simple moving average is $26.93. The firm has a market capitalization of $5.47 billion, a PE ratio of 12.16 and a beta of 0.89.
Makita Company Profile
Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, rest of Asia, Central and South America, Oceania, and the Middle East and Africa. The company 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.
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