Makita (OTCMKTS:MKTAY) Shares Gap Up – Should You Buy?

Makita Corp. (OTCMKTS:MKTAY) shares gapped up prior to trading on Friday . The stock had previously closed at $33.6860, but opened at $35.1289. Makita shares last traded at $35.1289, with a volume of 460 shares.

Makita Trading Down 1.0%

The stock’s fifty day moving average price is $35.15 and its two-hundred day moving average price is $33.84. The stock has a market capitalization of $9.16 billion, a P/E ratio of 17.41 and a beta of 0.63.

Makita (OTCMKTS:MKTAY) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. Makita had a net margin of 10.21% and a return on equity of 8.14%. 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.