Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 15,300 shares, a decline of 84.4% from the August 15th total of 98,300 shares. Based on an average daily volume of 199,000 shares, the days-to-cover ratio is currently 0.1 days.
Separately, Zacks Investment Research raised Murata Manufacturing from a “strong sell” rating to a “hold” rating in a report on Thursday, July 8th.
OTCMKTS:MRAAY traded down $0.05 during mid-day trading on Thursday, reaching $23.35. The stock had a trading volume of 183,936 shares, compared to its average volume of 171,047. The firm has a 50 day moving average price of $21.03 and a two-hundred day moving average price of $20.32. The stock has a market capitalization of $63.12 billion, a P/E ratio of 23.17 and a beta of 0.78. Murata Manufacturing has a one year low of $15.62 and a one year high of $26.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.53 and a current ratio of 3.61.
Murata Manufacturing Co, Ltd. engages in research, production and sale of electronic devices made from fine ceramics. It operates through the following segments: Components, Modules, and Others. The Components division offers multilayer ceramic capacitors, SAW (Surface Acoustic Wave) filters, ceramic resonators, piezoelectric sensors, ceramic filters, piezoelectric buzzers, short-range wireless communication modules, Bluetooth modules and others.
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