Makita (OTCMKTS:MKTAY) Share Price Passes Above 50-Day Moving Average of $29.70

Makita Co. (OTCMKTS:MKTAY) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $29.70 and traded as high as $31.62. Makita shares last traded at $31.38, with a volume of 4,123 shares traded.

Separately, JPMorgan Chase & Co. cut Makita from an “overweight” rating to a “neutral” rating in a report on Monday, August 5th.

The firm has a 50 day simple moving average of $29.70 and a two-hundred day simple moving average of $33.13. The firm has a market capitalization of $8.33 billion, a P/E ratio of 17.15, a PEG ratio of 6.87 and a beta of 0.78.

About Makita (OTCMKTS:MKTAY)

Makita Corporation engages in the manufacture and wholesale of electric power tools, woodworking machines, pneumatic tools, and gardening and household equipment. The company operates through Japan Group, Europe Group, North America Group, Asia Group, and Other Regions Group segments. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sandling, 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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