Makita Co. (OTCMKTS:MKTAY – Get Free Report) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 2,400 shares, a drop of 17.2% from the June 30th total of 2,900 shares. Based on an average trading volume of 166,800 shares, the short-interest ratio is currently 0.0 days.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group upgraded shares of Makita from a “neutral” rating to a “buy” rating in a research report on Monday, July 1st.
Read Our Latest Stock Report on MKTAY
Makita Price Performance
Makita (OTCMKTS:MKTAY – Get Free Report) last released its quarterly earnings results on Friday, April 26th. The company reported $0.28 EPS for the quarter. Makita had a net margin of 5.89% and a return on equity of 5.12%. The firm had revenue of $1.28 billion during the quarter. As a group, equities research analysts anticipate that Makita will post 1.34 EPS 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.
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