Makita (OTCMKTS:MKTAY) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Makita Corp. (OTCMKTS:MKTAY)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $31.63 and traded as low as $30.64. Makita shares last traded at $30.7450, with a volume of 13,242 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Makita from a “buy” rating to a “hold” rating in a research report on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Makita presently has a consensus rating of “Buy”.

Makita Stock Up 0.5%

The stock’s 50-day moving average price is $29.73 and its 200-day moving average price is $31.63. The company has a market capitalization of $8.27 billion, a price-to-earnings ratio of 15.30 and a beta of 0.52.

Makita (OTCMKTS:MKTAY) last posted its quarterly earnings data on Friday, October 31st. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Makita had a net margin of 10.72% and a return on equity of 8.53%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.27 billion. On average, equities research analysts anticipate that Makita Corp. will post 1.56 EPS for the current year.

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.