Makita (OTCMKTS:MKTAY) Issues Earnings Results

Makita (OTCMKTS:MKTAY) released its quarterly earnings results on Friday. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.10, Zacks reports. Makita had a net margin of 10.40% and a return on equity of 8.23%.

Makita Stock Performance

Makita stock traded up $0.32 during trading on Friday, hitting $33.62. The company’s stock had a trading volume of 18,850 shares, compared to its average volume of 18,263. The stock’s fifty day moving average is $33.48 and its 200 day moving average is $34.60. Makita has a 1-year low of $26.76 and a 1-year high of $41.20. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 16.40 and a beta of 0.59.

About Makita

Makita Corporation is a Japanese manufacturer of professional power tools and related equipment. The company’s product portfolio includes cordless and corded tools such as drills, impact drivers, saws, grinders, sanders, planers, and rotary hammers, as well as pneumatic tools, outdoor power equipment, batteries, chargers, accessories, and related products.

Makita serves professional users and consumers in the construction, woodworking, manufacturing, maintenance, landscaping, and home-improvement markets.