Makita Co. (OTCMKTS:MKTAY) Sees Large Decline in Short Interest

Makita Co. (OTCMKTS:MKTAYGet Free Report) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 900 shares, a drop of 10.0% from the December 31st total of 1,000 shares. Based on an average daily volume of 17,800 shares, the short-interest ratio is presently 0.1 days.

Makita Stock Down 1.3 %

Makita stock opened at $26.82 on Wednesday. Makita has a 12-month low of $22.98 and a 12-month high of $31.88. The firm’s 50-day moving average is $26.74 and its two-hundred day moving average is $26.65.

Makita (OTCMKTS:MKTAYGet Free Report) last released its earnings results on Tuesday, October 31st. The company reported $0.25 earnings per share (EPS) for the quarter. Makita had a net margin of 5.00% and a return on equity of 4.72%. The business had revenue of $1.28 billion for the quarter. On average, research analysts anticipate that Makita will post 1 EPS for the current fiscal year.

Makita Company Profile

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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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