Makita (OTCMKTS:MKTAY) Stock Rating Lowered by Citigroup

Citigroup cut shares of Makita (OTCMKTS:MKTAY - Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, UBS Group raised Makita from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 30th.

Makita Stock Performance

Shares of Makita stock traded down $0.20 during trading hours on Monday, hitting $27.36. The company's stock had a trading volume of 37,906 shares, compared to its average volume of 16,147. The firm has a fifty day moving average of $32.08 and a 200-day moving average of $31.43. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 16.38 and a beta of 0.65. Makita has a twelve month low of $25.56 and a twelve month high of $39.05.

Makita (OTCMKTS:MKTAY - Get Free Report) last announced its earnings results on Wednesday, January 29th. The company reported $0.58 earnings per share for the quarter. Makita had a net margin of 9.09% and a return on equity of 7.52%. On average, sell-side analysts expect that Makita will post 1.56 earnings per share for the current fiscal year.

Makita Company Profile

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.