Makita (OTCMKTS:MKTAY) Sets New 1-Year High at $34.92

Shares of Makita Co. (OTCMKTS:MKTAY) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $34.92 and last traded at $34.16, with a volume of 3772 shares changing hands. The stock had previously closed at $33.98.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Makita from a “neutral” rating to a “buy” rating in a report on Monday, July 1st.

Makita Stock Up 0.5 %

The company has a market capitalization of $9.19 billion, a price-to-earnings ratio of 30.07 and a beta of 0.76. The firm has a 50 day moving average price of $31.27 and a two-hundred day moving average price of $29.44.

Makita (OTCMKTS:MKTAY) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.26 earnings per share for the quarter. Makita had a return on equity of 4.97% and a net margin of 5.89%. The firm had revenue of $1.18 billion during the quarter. Analysts predict that Makita Co. will post 1.34 earnings per share for the current year.

About Makita

Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Australia, Brazil, and the United Arab Emirates. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sanding, sawing, planning/routering, pneumatic, outdoor power, and dust extraction/other equipment, as well as accessories; and cutting equipment for new materials, masonry, and metals.