Makita (OTCMKTS:MKTAY) Sees Large Volume Increase – Time to Buy?

Shares of Makita Corp. (OTCMKTS:MKTAY) saw an uptick in trading volume on Wednesday . 69,344 shares were traded during trading, an increase of 291% from the previous session’s volume of 17,747 shares.The stock last traded at $35.02 and had previously closed at $34.7190.

Makita Trading Up 0.3%

The company’s 50 day moving average price is $35.59 and its two-hundred day moving average price is $34.80. The stock has a market cap of $9.21 billion, a P/E ratio of 17.50 and a beta of 0.61.

Makita (OTCMKTS:MKTAY) last announced its 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 net margin of 10.21% and a return on equity of 8.14%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion.

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.