Citigroup Downgrades Makita (OTCMKTS:MKTAY) to Hold

Citigroup downgraded shares of Makita (OTCMKTS:MKTAY) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Separately, UBS Group upgraded Makita from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 30th.

Makita Stock Up 5.9 %

MKTAY opened at $27.23 on Monday. The firm’s 50 day moving average is $32.14 and its 200-day moving average is $31.53. The firm has a market capitalization of $7.33 billion, a P/E ratio of 16.31 and a beta of 0.65. Makita has a 52-week low of $25.56 and a 52-week high of $39.05.

Makita (OTCMKTS:MKTAY) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.58 EPS for the quarter. Makita had a net margin of 9.09% and a return on equity of 7.52%. Equities analysts expect that Makita will post 1.56 earnings per share for the current fiscal 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.