Makita (OTCMKTS:MKTAY) Sets New 1-Year Low - Should You Sell?

Makita Co. (OTCMKTS:MKTAY - Get Free Report)'s stock price hit a new 52-week low on Monday . The company traded as low as $25.84 and last traded at $26.34, with a volume of 42634 shares changing hands. The stock had previously closed at $27.98.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. UBS Group upgraded shares of Makita from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 30th. Citigroup downgraded Makita from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th.

Makita Stock Down 0.7 %

The firm's 50-day moving average price is $32.08 and its 200 day moving average price is $31.43. The firm has a market cap of $7.36 billion, a P/E ratio of 16.38 and a beta of 0.65.

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