Makita (OTCMKTS:MKTAY) Shares Gap Down – Should You Sell?

Shares of Makita Corp. (OTCMKTS:MKTAY) gapped down before the market opened on Monday . The stock had previously closed at $35.66, but opened at $33.22. Makita shares last traded at $33.50, with a volume of 1,009 shares changing hands.

Makita Stock Down 3.7%

The business’s 50-day simple moving average is $34.90 and its two-hundred day simple moving average is $33.47. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 16.72 and a beta of 0.63.

Makita (OTCMKTS:MKTAY) last posted its earnings results on Tuesday, April 28th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Makita had a return on equity of 8.14% and a net margin of 10.21%.

Makita Company Profile

Makita Corporation (OTCMKTS:MKTAY) is a global manufacturer of professional and consumer power tools headquartered in Anj?, 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.