Makita (OTCMKTS:MKTAY – Get Note) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note released Friday, Zacks.com reports.

According to Zacks, “Makita Corp makes portable power tools, hand vacuums, and power saws. Their products include impact wrenches, band saws, groove cutters, hedge trimmers and weed trimmers. They also make accessories and other parts while doing repair work. Makita Benelux BV is the Dutch subsidiary. “

Separately, Daiwa Capital Markets downgraded Makita from an “outperform” rating to a “neutral” rating in a Friday, May 20 research report.

Shares of OTCMKTS MKTAY opened at $27.27 on Friday. Makita has a 1-year low of $26.93 and a 1-year high of $65.71. The company has a 50-day moving average of $29.59 and a 200-day moving average of $35.94. The company has a market capitalization of $7.40 billion, a price-earnings ratio of 12.74 and a beta of 0.93.

About Makita (Get a rating)

Makita Corporation is engaged in the manufacture and sale of power tools, air tools, gardening and household equipment in Japan, Europe, North America, Rest of Asia, Central America and South, in Oceania, the Middle East and Africa. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sanding, sawing, planning/router, 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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