Makita (OTCMKTS:MKTAY) Shares Gap Down – What’s Next?

Shares of Makita Corp. (OTCMKTS:MKTAY) gapped down before the market opened on Wednesday . The stock had previously closed at $37.41, but opened at $35.08. Makita shares last traded at $35.08, with a volume of 206 shares trading hands.

Makita Price Performance

The stock has a market capitalization of $9.14 billion, a P/E ratio of 17.37 and a beta of 0.61. The stock’s fifty day moving average is $35.70 and its two-hundred day moving average is $34.71.

Makita (OTCMKTS:MKTAY) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.53 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.26 billion.

Makita Company Profile

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.