Makita (OTCMKTS:MKTAY) Reaches New 1-Year High – Here’s Why

Makita Co. (OTCMKTS:MKTAY) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $38.78 and last traded at $37.45, with a volume of 6211 shares traded. The stock had previously closed at $36.38.

Wall Street Analyst Weigh In

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 5.1 %

The firm has a market capitalization of $10.35 billion, a price-to-earnings ratio of 23.05 and a beta of 0.70. The company has a 50-day moving average price of $31.41 and a 200-day moving average price of $31.67.

Makita (OTCMKTS:MKTAY) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.58 earnings per share for the quarter. Makita had a net margin of 9.09% and a return on equity of 7.52%. As a group, analysts forecast that Makita Co. will post 1.56 earnings per share for the current 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.