Makita (OTCMKTS:MKTAY) Reaches New 1-Year Low at $20.11

Makita Co. (OTCMKTS:MKTAYGet 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 (OTCMKTS:MKTAYGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.13). The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Makita had a net margin of 7.24% and a return on equity of 7.32%. As a group, analysts predict that Makita Co. will post 1.73 earnings per share for the current fiscal year.

Makita Company Profile

(Get Rating)

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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