Makita Co. (OTCMKTS:MKTAY) Short Interest Down 35.4% in September

Makita Co. (OTCMKTS:MKTAY) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 14,600 shares, a drop of 35.4% from the September 15th total of 22,600 shares. Based on an average trading volume of 11,300 shares, the short-interest ratio is presently 1.3 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of Makita from a “neutral” rating to a “buy” rating in a report on Monday, July 1st.

Makita Price Performance

Shares of MKTAY stock traded down $1.46 during trading hours on Friday, hitting $32.91. The company had a trading volume of 2,394 shares, compared to its average volume of 13,169. The stock has a market capitalization of $8.85 billion, a PE ratio of 29.12 and a beta of 0.76. Makita has a fifty-two week low of $23.38 and a fifty-two week high of $35.49. The company’s fifty day moving average is $32.37 and its 200 day moving average is $30.11.

Makita (OTCMKTS:MKTAY) last posted its earnings results on Tuesday, July 30th. The company reported $0.26 EPS for the quarter. The firm had revenue of $1.18 billion for the quarter. Makita had a net margin of 5.89% and a return on equity of 4.97%. Equities analysts forecast that Makita will post 1.34 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.