Makita (OTCMKTS:MKTAY) Hits New 52-Week High – Here’s What Happened

Makita Co. (OTCMKTS:MKTAY)’s share price hit a new 52-week high on Thursday . The stock traded as high as $36.24 and last traded at $35.76, with a volume of 12661 shares trading hands. The stock had previously closed at $32.60.

Analyst Ratings Changes

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

Makita Price Performance

The business’s fifty day simple moving average is $30.44 and its 200 day simple moving average is $31.48. The stock has a market cap of $9.65 billion, a price-to-earnings ratio of 21.48 and a beta of 0.70.

Makita (OTCMKTS:MKTAY) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.58 EPS for the quarter. Makita had a net margin of 9.09% and a return on equity of 7.52%. As a group, equities analysts forecast 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.