Murata Manufacturing (OTCMKTS:MRAAY) Reaches New 12-Month High – Time to Buy?

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $26.43 and last traded at $25.81, with a volume of 1188799 shares changing hands. The stock had previously closed at $22.50.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Murata Manufacturing to a “hold” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Murata Manufacturing Trading Up 14.7%

The company has a market cap of $94.38 billion, a PE ratio of 61.45 and a beta of 1.32. The business has a fifty day moving average of $15.23 and a 200-day moving average of $12.32.

Murata Manufacturing (OTCMKTS:MRAAY) last announced its quarterly 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 return on equity of 8.97% and a net margin of 12.80%.The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.91 billion. As a group, research 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.