Makita (OTCMKTS:MKTAY) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Makita Corp. (OTCMKTS:MKTAY)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $35.45 and traded as high as $37.05. Makita shares last traded at $36.90, with a volume of 13,698 shares trading hands.

Makita Stock Up 1.0%

The firm has a market capitalization of $9.39 billion, a price-to-earnings ratio of 17.83 and a beta of 0.63. The business’s 50-day simple moving average is $35.46 and its two-hundred day simple moving average is $34.29.

Makita (OTCMKTS:MKTAY) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.44 by $0.09. Makita had a return on equity of 8.14% and a net margin of 10.21%.The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion.

About Makita

Makita Corporation (OTCMKTS:MKTAY) is a global manufacturer of professional and consumer power tools headquartered in Anjō, Aichi Prefecture, Japan. Founded in 1915 as an electric motor sales and repair company, it incorporated as Makita Electric Works, Ltd. in 1958 and has since expanded its product portfolio to serve both industrial and residential markets. The company’s core business activities encompass the design, production and distribution of power tools, outdoor power equipment and accessories.

Makita’s product lineup includes cordless and corded electric drills, drivers, saws, grinders, sanders and rotary hammers, as well as pneumatic and gasoline-powered machinery.