Murata Manufacturing (OTCMKTS:MRAAY) Sees Large Volume Increase – Time to Buy?

Murata Manufacturing Inc. (OTCMKTS:MRAAY) saw unusually-high trading volume on Friday . Approximately 368,305 shares traded hands during trading, a decline of 36% from the previous session’s volume of 579,952 shares.The stock last traded at $22.79 and had previously closed at $24.71.

Wall Street Analyst Weigh In

Several research firms have commented on MRAAY. Citigroup raised Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Zacks Research raised Murata Manufacturing to a “hold” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Murata Manufacturing Stock Performance

The company has a market capitalization of $86.11 billion, a PE ratio of 56.07 and a beta of 1.57. The company’s 50-day simple moving average is $28.65 and its 200-day simple moving average is $17.84.

Murata Manufacturing (OTCMKTS:MRAAY) last announced its earnings results on Thursday, April 30th. The company reported $0.13 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 business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Analysts expect that Murata Manufacturing Inc. will post 0.55 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.