Makita (OTCMKTS:MKTAY) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Makita Corp. (OTCMKTS:MKTAY) passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $34.55 and traded as low as $33.60. Makita shares last traded at $33.93, with a volume of 45,333 shares.

Makita Stock Up 1.3%

The company’s 50-day moving average is $33.77 and its two-hundred day moving average is $34.54. The company has a market cap of $9.09 billion, a P/E ratio of 16.77 and a beta of 0.60.

Makita (OTCMKTS:MKTAY) last released its earnings results on Wednesday, July 29th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. Makita had a net margin of 10.40% and a return on equity of 8.23%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.26 billion.

About Makita

Makita Corporation is a Japanese manufacturer of professional power tools and related equipment. Founded in 1915, the company initially provided electric motor repair and sales services before expanding into the manufacture of power tools. Makita is headquartered in Anjo, Aichi, Japan.

The company’s product portfolio includes cordless and corded power tools such as drills, impact drivers, saws, grinders, sanders and planers. Makita also produces outdoor power equipment, including lawn mowers, trimmers, blowers and chainsaws, as well as pneumatic tools, accessories, batteries and chargers.

Makita serves construction, woodworking, landscaping, manufacturing and other professional markets.