Makita (OTCMKTS:MKTAY) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Makita Co. (OTCMKTS:MKTAY)’s share price crossed 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 traded.

Makita Trading Up 5.4 %

The stock has a market capitalization of $8.79 billion, a P/E ratio of 28.91 and a beta of 0.76. The company has a 50-day moving average price of $32.89 and a two-hundred day moving average price of $30.43.

Makita (OTCMKTS:MKTAY) last issued its earnings results on Tuesday, July 30th. The company reported $0.26 earnings per share for the quarter. The business had revenue of $1.18 billion during the quarter. Makita had a return on equity of 4.98% and a net margin of 5.89%. Research analysts forecast that Makita Co. 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.