Makita (OTCMKTS:MKTAY) Stock Rating Lowered by Wall Street Zen

Makita (OTCMKTS:MKTAY) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

Separately, The Goldman Sachs Group downgraded Makita from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Makita currently has a consensus rating of “Hold”.

Makita Stock Performance

Shares of MKTAY opened at $31.40 on Friday. The stock has a 50 day simple moving average of $29.97 and a 200 day simple moving average of $31.70. Makita has a 52-week low of $25.56 and a 52-week high of $39.05. The firm has a market capitalization of $8.31 billion, a PE ratio of 15.62 and a beta of 0.52.

Makita (OTCMKTS:MKTAY) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Makita had a return on equity of 8.53% and a net margin of 10.72%.The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.27 billion. Equities research analysts predict that Makita will post 1.56 EPS for the current fiscal year.

About Makita

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.