Makita (OTCMKTS:MKTAY) Shares Gap Up – Should You Buy?

Makita Corp. (OTCMKTS:MKTAY) shares gapped up prior to trading on Friday . The stock had previously closed at $33.10, but opened at $34.64. Makita shares last traded at $34.5690, with a volume of 1,387 shares trading hands.

Makita Trading Up 4.4%

The business has a 50 day simple moving average of $34.03 and a two-hundred day simple moving average of $34.79. The stock has a market cap of $9.14 billion, a price-to-earnings ratio of 16.85 and a beta of 0.60.

Makita (OTCMKTS:MKTAY) last announced its earnings results on Wednesday, July 29th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. Makita had a return on equity of 8.23% and a net margin of 10.40%.

About Makita

Makita Corporation is a Japanese manufacturer of professional power tools and related equipment. Founded in 1915, the company initially provided electric motor repair and sales services before expanding into the manufacture of power tools. Makita is headquartered in Anjo, Aichi, Japan.

The company’s product portfolio includes cordless and corded power tools such as drills, impact drivers, saws, grinders, sanders and planers. Makita also produces outdoor power equipment, including lawn mowers, trimmers, blowers and chainsaws, as well as pneumatic tools, accessories, batteries and chargers.

Makita serves construction, woodworking, landscaping, manufacturing and other professional markets.