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

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

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Murata Manufacturing to a “hold” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Murata Manufacturing presently has a consensus rating of “Hold”.

Murata Manufacturing Stock Up 14.7%

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

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.91 billion. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%. As a group, research analysts predict that Murata Manufacturing Inc. will post 0.51 earnings per share 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.