Makita Co. (OTCMKTS:MKTAY – Get Free Report) 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.
Check Out Our Latest Analysis on MKTAY
Makita Price Performance
Makita (OTCMKTS:MKTAY – Get Free Report) 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.
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