Murata Manufacturing (OTCMKTS:MRAAY) Trading 4.4% Higher – Still a Buy?

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s share price was up 4.4% during mid-day trading on Tuesday . The company traded as high as $24.19 and last traded at $24.02. 33,319 shares changed hands during trading, a decline of 94% from the average session volume of 586,041 shares. The stock had previously closed at $23.01.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein initiated coverage on shares of Murata Manufacturing in a research note on Tuesday. They issued an “outperform” rating for the company. Citigroup raised shares of Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Murata Manufacturing Stock Up 5.6%

The firm has a 50 day simple moving average of $24.15 and a 200-day simple moving average of $21.60. The stock has a market cap of $88.85 billion, a P/E ratio of 51.70 and a beta of 1.60.

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly earnings data on Friday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Murata Manufacturing had a return on equity of 9.84% and a net margin of 13.86%.The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Murata Manufacturing has set its FY 2026 guidance at 0.583-0.583 EPS. On average, equities analysts anticipate that Murata Manufacturing Inc. will post 0.69 earnings per share for the current year.

About Murata Manufacturing

Murata Manufacturing Co, Ltd. is a Japan-based electronics component manufacturer headquartered in Kyoto. The company develops and produces components and solutions used in smartphones, computers, automobiles, industrial equipment, healthcare devices and other electronic products.

Its product portfolio includes multilayer ceramic capacitors, inductors, filters, timing devices, sensors, radio-frequency components, communication modules and power-related products. Murata also provides batteries and electronic modules designed for applications such as wireless connectivity, automotive systems and factory automation.

Founded in 1944 by Akira Murata and incorporated as Murata Manufacturing Co, Ltd.