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Makita (OTCMKTS:MKTAY) Stock Passes Below 200-Day Moving Average - Here's What Happened

Makita logo with Consumer Discretionary background

Makita Co. (OTCMKTS:MKTAY - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.43 and traded as low as $29.24. Makita shares last traded at $29.60, with a volume of 48,336 shares changing hands.

Makita Trading Down 1.9 %

The stock has a market cap of $7.96 billion, a PE ratio of 26.20 and a beta of 0.76. The firm has a fifty day simple moving average of $32.90 and a two-hundred day simple moving average of $30.43.

Makita (OTCMKTS:MKTAY - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.26 earnings per share for the quarter. The company had revenue of $1.18 billion during the quarter. Makita had a net margin of 5.89% and a return on equity of 4.98%. Equities analysts forecast that Makita Co. will post 1.34 earnings per share for the current year.

Makita Company Profile

(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.

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