Murata Manufacturing (OTCMKTS:MRAAY) Trading 4.4% Higher – Here’s Why

Murata Manufacturing Inc. (OTCMKTS:MRAAY) rose 4.4% on Tuesday . The stock traded as high as $24.19 and last traded at $24.02. 33,319 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 586,041 shares. The stock had previously closed at $23.01.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MRAAY. Sanford C. Bernstein assumed coverage on shares of Murata Manufacturing in a research report on Tuesday. They set an “outperform” rating for the company. Citigroup upgraded Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Murata Manufacturing Stock Up 5.6%

The company has a market capitalization of $88.85 billion, a P/E ratio of 51.70 and a beta of 1.60. The business has a fifty day moving average price of $24.15 and a 200 day moving average price of $21.60.

Murata Manufacturing (OTCMKTS:MRAAY) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Murata Manufacturing had a return on equity of 9.84% and a net margin of 13.86%.The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.97 billion. Murata Manufacturing has set its FY 2026 guidance at 0.583-0.583 EPS. As a group, equities analysts forecast that Murata Manufacturing Inc. will post 0.69 earnings per share for the current year.

About Murata Manufacturing

Murata Manufacturing Co, Ltd. is a Japan-based electronics component manufacturer headquartered in Kyoto. The company develops and produces components and solutions used in smartphones, computers, automobiles, industrial equipment, healthcare devices and other electronic products.

Its product portfolio includes multilayer ceramic capacitors, inductors, filters, timing devices, sensors, radio-frequency components, communication modules and power-related products. Murata also provides batteries and electronic modules designed for applications such as wireless connectivity, automotive systems and factory automation.

Founded in 1944 by Akira Murata and incorporated as Murata Manufacturing Co, Ltd.