Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Up – Still a Buy?

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $19.40, but opened at $20.67. Murata Manufacturing shares last traded at $20.08, with a volume of 30,386 shares.

Analysts Set New Price Targets

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

Murata Manufacturing Price Performance

The stock has a market cap of $73.42 billion, a price-to-earnings ratio of 47.81 and a beta of 1.32. The firm’s 50-day moving average is $13.52 and its 200 day moving average is $11.63.

Murata Manufacturing (OTCMKTS:MRAAY) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Murata Manufacturing had a net margin of 12.80% and a return on equity of 8.97%. On average, sell-side analysts forecast that Murata Manufacturing Inc. will post 0.51 EPS for the current year.

About Murata Manufacturing

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.