Makita (OTCMKTS:MKTAY) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Makita Co. (OTCMKTS:MKTAY) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Analysts Set New Price Targets

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

Makita Stock Up 0.3 %

The firm’s 50 day simple moving average is $30.55 and its 200 day simple moving average is $31.51. The company has a market capitalization of $9.65 billion, a PE ratio of 21.48 and a beta of 0.70.

Makita (OTCMKTS:MKTAY) last posted its quarterly earnings data 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, sell-side analysts predict that Makita Co. will post 1.56 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.