Makita (OTCMKTS:MKTAY) Sees Strong Trading Volume – Here’s What Happened

Makita Corp. (OTCMKTS:MKTAY) shares saw unusually-high trading volume on Tuesday. Approximately 29,825 shares traded hands during mid-day trading, an increase of 62% from the average daily volume of 18,419 shares. The stock last traded at $34.79 and had previously closed at $35.13.

Makita Stock Performance

The stock’s 50-day moving average is $33.63 and its two-hundred day moving average is $34.69. The stock has a market cap of $9.16 billion, a PE ratio of 16.03 and a beta of 0.69.

Makita (OTCMKTS:MKTAY) last announced its earnings results on Friday, October 30th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. Makita had a return on equity of 8.60% and a net margin of 10.87%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion.

Makita Company Profile

Makita Corporation is a Japanese manufacturer of power tools and related equipment. Its product range includes cordless and corded tools for construction, woodworking and other professional applications, as well as outdoor power equipment, pneumatic tools and cleaning products. Founded in 1915, Makita began as an electric motor sales and repair business before expanding into manufacturing. The company is headquartered in Anjo, Aichi Prefecture, Japan. Makita serves customers around the world through its international subsidiaries and distribution network, supplying tools and equipment to professional tradespeople, businesses and consumers.