Makita (OTCMKTS:MKTAY) Shares Break Below Two Hundred Day Moving Average – Here’s Why

Makita Corp. (OTCMKTS:MKTAY) crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $34.53 and traded as low as $33.35. Makita shares last traded at $33.42, with a volume of 24,179 shares changing hands.

Makita Stock Performance

The stock has a market capitalization of $8.92 billion, a PE ratio of 16.44 and a beta of 0.59. The stock has a 50-day moving average price of $33.70 and a two-hundred day moving average price of $34.52.

Makita (OTCMKTS:MKTAY) last issued its quarterly earnings data 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 return on equity of 8.23% and a net margin of 10.40%.The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion.

Makita Company Profile

Makita Corporation is a Japanese manufacturer of professional power tools, outdoor power equipment and related accessories. Its product portfolio includes cordless and corded drills, impact drivers, saws, grinders, sanders, planers, routers, demolition tools and other equipment used in construction, woodworking, industrial maintenance and landscaping.

The company also offers battery systems, chargers, dust-extraction equipment, pneumatic tools and replacement accessories. Makita has expanded its cordless tool range across multiple voltage platforms, including equipment designed for both professional and consumer applications.

Founded in 1915 in Nagoya, Japan, Makita began as a motor sales and repair business before developing into a power-tool manufacturer.