Murata Manufacturing (OTCMKTS:MRAAY) Trading Up 8.4% – Here’s Why

Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY) were up 8.4% during mid-day trading on Friday . The company traded as high as $31.59 and last traded at $30.42. Approximately 195,266 shares changed hands during trading, a decline of 54% from the average daily volume of 426,616 shares. The stock had previously closed at $28.06.

Wall Street Analyst Weigh In

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

Murata Manufacturing Stock Performance

The stock has a market capitalization of $116.04 billion, a P/E ratio of 75.56 and a beta of 1.32. The stock’s fifty day simple moving average is $15.81 and its two-hundred day simple moving average is $12.54.

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