Murata Manufacturing (OTCMKTS:MRAAY) Trading Up 8.4% – Here’s Why

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s stock price was up 8.4% during trading on Friday . The company traded as high as $31.59 and last traded at $30.42. Approximately 195,266 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 426,616 shares. The stock had previously closed at $28.06.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Murata Manufacturing to a “hold” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Murata Manufacturing Trading Up 13.1%

The stock’s 50-day moving average is $15.81 and its 200-day moving average is $12.54. The company has a market cap of $116.04 billion, a price-to-earnings ratio of 75.56 and a beta of 1.32.

Murata Manufacturing (OTCMKTS:MRAAY) last released its earnings results on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Murata Manufacturing had a net margin of 12.80% and a return on equity of 8.97%. The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.91 billion. As a group, analysts predict that Murata Manufacturing Inc. will post 0.51 EPS for the current year.

Murata Manufacturing Company Profile

Murata Manufacturing Co, Ltd. is a Japan-based manufacturer of electronic components and modules, best known for its development and production of ceramic components. Founded in 1944 by Akira Murata and headquartered in Nagaokakyo, Kyoto Prefecture, the company has grown into a leading global supplier of multilayer ceramic capacitors (MLCCs), ceramic resonators, and a broad range of passive and active electronic parts used across consumer, industrial and automotive electronics.

The company’s product portfolio encompasses passive components (such as capacitors, inductors and filters), sensors and sensing modules, power modules, and RF/wireless communication modules.