Shares of Makita Co. (OTCMKTS:MKTAY - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $38.78 and last traded at $37.45, with a volume of 6211 shares trading hands. The stock had previously closed at $36.38.
Analyst Upgrades and Downgrades
Separately, UBS Group raised Makita from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 30th.
Read Our Latest Stock Report on MKTAY
Makita Stock Performance
The business's fifty day moving average price is $31.74 and its 200-day moving average price is $31.73. The stock has a market cap of $9.67 billion, a PE ratio of 21.52 and a beta of 0.70.
Makita (OTCMKTS:MKTAY - Get Free Report) last issued its earnings results on Wednesday, January 29th. The company reported $0.58 earnings per share (EPS) for the quarter. Makita had a net margin of 9.09% and a return on equity of 7.52%. Analysts forecast that Makita Co. will post 1.56 earnings per share for the current fiscal year.
About Makita
(
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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.
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