Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report) saw strong trading volume on Tuesday. 4,629,642 shares changed hands during trading, an increase of 493% from the average daily volume of 780,325 shares. The stock last traded at $16.38 and had previously closed at $16.79.
Wall Street Analysts Forecast Growth
Separately, Sanford C. Bernstein initiated coverage on shares of Murata Manufacturing in a report on Tuesday, September 15th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Murata Manufacturing has an average rating of “Buy”.
Check Out Our Latest Analysis on MRAAY
Murata Manufacturing Trading Down 3.0%
The stock has a market capitalization of $59.53 billion, a PE ratio of 32.56 and a beta of 1.83. The business’s 50 day moving average is $22.92 and its 200 day moving average is $20.53.
Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last posted its quarterly earnings data on Friday, October 30th. The company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.53 billion. Murata Manufacturing had a net margin of 14.19% and a return on equity of 10.44%. As a group, analysts anticipate that Murata Manufacturing Inc. will post 0.69 EPS for the current year.
Murata Manufacturing Company Profile
Murata Manufacturing Co, Ltd. is a Japan-based maker of electronic components and modules used in a wide range of devices and systems. Its products include ceramic capacitors, inductors, filters, sensors, communication modules and batteries.
The company’s components support applications in smartphones and other communications equipment, computers, consumer electronics, vehicles, industrial systems and healthcare devices. Murata serves customers around the world through its international manufacturing and sales operations.
Founded by Akira Murata in Kyoto in 1944, the company has grown from a maker of ceramic components into a global electronics supplier.
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