Makita (OTCMKTS:MKTAY) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Makita Co. (OTCMKTS:MKTAY) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.48 and traded as high as $37.31. Makita shares last traded at $35.88, with a volume of 7,194 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded Makita from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 30th.

Makita Stock Performance

The firm has a market cap of $9.65 billion, a price-to-earnings ratio of 21.48 and a beta of 0.74. The stock has a 50-day moving average of $30.44 and a 200-day moving average of $31.48.

Makita (OTCMKTS:MKTAY) last posted its quarterly earnings data 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%. Sell-side analysts predict that Makita Co. will post 1.56 EPS for the current fiscal 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.