The Goldman Sachs Group upgraded shares of Makita (OTCMKTS:MKTAY – Free Report) from a neutral rating to a buy rating in a research report sent to investors on Monday morning, Marketbeat Ratings reports.
Makita Price Performance
Shares of OTCMKTS MKTAY opened at $27.86 on Monday. The stock has a fifty day moving average price of $28.98 and a 200 day moving average price of $27.69. Makita has a 1-year low of $23.38 and a 1-year high of $31.88. The company has a market cap of $7.49 billion, a PE ratio of 24.65 and a beta of 0.77.
Makita (OTCMKTS:MKTAY – Get Free Report) last released its earnings results on Friday, April 26th. The company reported $0.28 EPS for the quarter. The company had revenue of $1.28 billion during the quarter. Makita had a net margin of 5.89% and a return on equity of 5.12%. Analysts anticipate that Makita will post 1.31 earnings per share 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.
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