Makita (OTCMKTS:MKTAY) Sees Unusually-High Trading Volume – Time to Buy?

Makita Corp. (OTCMKTS:MKTAY) saw strong trading volume on Wednesday . 69,344 shares traded hands during trading, an increase of 291% from the previous session’s volume of 17,747 shares.The stock last traded at $35.02 and had previously closed at $34.7190.

Makita Stock Up 0.3%

The stock has a market capitalization of $9.21 billion, a PE ratio of 17.50 and a beta of 0.61. The stock’s 50 day moving average price is $35.59 and its 200-day moving average price is $34.80.

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

Makita Company Profile

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.