Makita (OTCMKTS:MKTAY) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Makita Co. (OTCMKTS:MKTAY)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $31.25 and traded as low as $30.00. Makita shares last traded at $30.99, with a volume of 10,341 shares.

Makita Stock Performance

The firm has a fifty day moving average of $30.42 and a 200-day moving average of $31.25. The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 22.29 and a beta of 0.74.

Makita (OTCMKTS:MKTAY) last posted its earnings results on Wednesday, October 30th. The company reported $0.55 earnings per share (EPS) for the quarter. The business had revenue of $1.29 billion during the quarter. Makita had a return on equity of 6.30% and a net margin of 7.53%. On average, analysts predict that Makita Co. will post 1.42 EPS 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.