Makita (OTCMKTS:MKTAY) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Makita Co. (OTCMKTS:MKTAY) 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 company has a market cap of $8.00 billion, a PE ratio of 21.38 and a beta of 0.74. The company has a 50 day simple moving average of $30.38 and a two-hundred day simple moving average of $31.21.

Makita (OTCMKTS:MKTAY) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.55 EPS for the quarter. The firm had revenue of $1.29 billion for the quarter. Makita had a net margin of 7.53% and a return on equity of 6.30%. As a group, analysts expect that Makita Co. will post 1.42 earnings per share for the current fiscal 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.