Makita Co. (OTCMKTS:MKTAY) Short Interest Update

Makita Co. (OTCMKTS:MKTAY) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 24,200 shares, a growth of 149.5% from the February 28th total of 9,700 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 14,600 shares, the short-interest ratio is presently 1.7 days.

Analysts Set New Price Targets

Separately, UBS Group raised shares of Makita from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 30th.

Makita Trading Down 1.6 %

Shares of Makita stock traded down $0.54 during trading hours on Friday, reaching $33.48. 14,044 shares of the company’s stock were exchanged, compared to its average volume of 13,953. Makita has a 52-week low of $26.35 and a 52-week high of $39.05. The company has a fifty day moving average of $32.37 and a 200-day moving average of $31.79. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 20.05 and a beta of 0.70.

Makita (OTCMKTS:MKTAY) last released its earnings results on Wednesday, January 29th. The company reported $0.58 earnings per share for the quarter. Makita had a return on equity of 7.52% and a net margin of 9.09%. On average, equities research analysts anticipate that Makita will post 1.56 earnings per share for the current fiscal year.

Makita Company Profile

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.