Makita Co. (OTCMKTS:MKTAY) Short Interest Update

Makita Co. (OTCMKTS:MKTAY) 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.

Makita Price Performance

Shares of OTCMKTS:MKTAY traded up $0.47 during trading on Friday, hitting $29.15. 5,892 shares of the company were exchanged, compared to its average volume of 45,107. The stock has a market capitalization of $7.84 billion, a P/E ratio of 25.80 and a beta of 0.77. Makita has a 12-month low of $23.38 and a 12-month high of $31.88. The firm’s 50 day moving average price is $29.08 and its 200-day moving average price is $27.97.

Makita (OTCMKTS:MKTAY) 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.