Makita (OTCMKTS:MKTAY) Shares Pass Above 50-Day Moving Average – What’s Next?

Makita Corp. (OTCMKTS:MKTAY)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $35.45 and traded as high as $37.05. Makita shares last traded at $36.90, with a volume of 13,698 shares.

Makita Stock Down 0.5%

The company has a 50 day moving average price of $35.45 and a 200-day moving average price of $34.19. The company has a market cap of $9.76 billion, a price-to-earnings ratio of 18.54 and a beta of 0.63.

Makita (OTCMKTS:MKTAY) last posted its earnings results 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 net margin of 10.21% and a return on equity of 8.14%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate 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.