Shares of Makita Co. (OTCMKTS:MKTAY) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $34.32 and traded as low as $29.35. Makita shares last traded at $29.55, with a volume of 5,883 shares trading hands.
Separately, JPMorgan Chase & Co. cut Makita from an “overweight” rating to a “neutral” rating in a research report on Monday, August 5th.
The firm has a market capitalization of $8.18 billion, a P/E ratio of 15.99, a PEG ratio of 6.69 and a beta of 0.71. The firm has a 50-day moving average of $32.70 and a 200-day moving average of $34.32.
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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