Makita (OTCMKTS:MKTAY) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Makita Co. (OTCMKTS:MKTAY)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.19 and traded as low as $28.97. Makita shares last traded at $29.01, with a volume of 13,633 shares.

Makita Stock Performance

The firm has a 50 day moving average price of $30.38 and a 200-day moving average price of $31.21. The company has a market cap of $8.00 billion, a P/E ratio of 21.38 and a beta of 0.74.

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

About Makita

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.