Makita Co. (OTCMKTS:MKTAY - Get Free Report) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 24,200 shares, a growth of 149.5% from the February 28th total of 9,700 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 14,600 shares, the days-to-cover ratio is currently 1.7 days.
Makita Trading Down 1.6 %
Shares of OTCMKTS:MKTAY traded down $0.54 during midday trading on Monday, hitting $33.48. The stock had a trading volume of 14,044 shares, compared to its average volume of 13,953. The company has a market capitalization of $9.01 billion, a PE ratio of 20.05 and a beta of 0.70. The stock has a 50 day moving average price of $32.37 and a two-hundred day moving average price of $31.79. Makita has a 1 year low of $26.35 and a 1 year high of $39.05.
Makita (OTCMKTS:MKTAY - Get Free Report) last posted its earnings results on Wednesday, January 29th. The company reported $0.58 earnings per share for the quarter. Makita had a return on equity of 7.52% and a net margin of 9.09%. As a group, equities analysts expect that Makita will post 1.56 EPS for the current year.
Wall Street Analyst Weigh In
Separately, UBS Group upgraded shares of Makita from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 30th.
Read Our Latest Stock Analysis on MKTAY
About Makita
(
Get Free Report)
Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Australia, Brazil, and the United Arab Emirates. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sanding, sawing, planning/routering, pneumatic, outdoor power, and dust extraction/other equipment, as well as accessories; and cutting equipment for new materials, masonry, and metals.
Further Reading
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