Makita (OTCMKTS:MKTAY) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Makita Co. (OTCMKTS:MKTAYGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $31.09 and traded as low as $28.54. Makita shares last traded at $28.58, with a volume of 18,182 shares changing hands.

Makita Price Performance

The company has a 50-day moving average of $30.83 and a 200 day moving average of $31.09. The company has a market cap of $7.69 billion, a PE ratio of 20.56 and a beta of 0.74.

About Makita

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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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