Makita (OTCMKTS:MKTAY) Shares Gap Down – Here’s What Happened

Makita Corp. (OTCMKTS:MKTAY) gapped down prior to trading on Monday . The stock had previously closed at $35.66, but opened at $33.22. Makita shares last traded at $33.50, with a volume of 1,009 shares.

Makita Trading Down 3.7%

The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 16.72 and a beta of 0.63. The firm’s 50-day moving average is $34.90 and its two-hundred day moving average is $33.47.

Makita (OTCMKTS:MKTAY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.44 by $0.09. Makita had a return on equity of 8.14% and a net margin of 10.21%.The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion.

Makita Company Profile

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.