Makita Corp. (OTCMKTS:MKTAY) Short Interest Update

Makita Corp. (OTCMKTS:MKTAY) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 3,552 shares, a decline of 52.3% from the April 15th total of 7,449 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 29,506 shares, the short-interest ratio is currently 0.1 days.

Makita Stock Performance

Shares of MKTAY traded up $0.19 during mid-day trading on Friday, hitting $35.70. 13,301 shares of the company’s stock were exchanged, compared to its average volume of 12,471. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 17.94 and a beta of 0.66. Makita has a fifty-two week low of $26.76 and a fifty-two week high of $41.20. The stock’s 50-day moving average is $34.63 and its 200-day moving average is $33.10.

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

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Makita from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Makita has an average rating of “Sell”.

About Makita

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.