Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Up – What’s Next?

Murata Manufacturing Inc. (OTCMKTS:MRAAY) gapped up prior to trading on Thursday. The stock had previously closed at $24.90, but opened at $26.51. Murata Manufacturing shares last traded at $26.64, with a volume of 9,692 shares.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MRAAY. Citigroup upgraded shares of Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Sanford C. Bernstein assumed coverage on shares of Murata Manufacturing in a research note on Tuesday, September 15th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Murata Manufacturing Stock Up 5.8%

The company has a market capitalization of $96.37 billion, a price-to-earnings ratio of 56.08 and a beta of 1.60. The business’s 50-day moving average is $23.70 and its 200-day moving average is $22.69.

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

Murata Manufacturing Company Profile

Murata Manufacturing Co, Ltd. is a Japan-based manufacturer of electronic components and materials. The company develops and produces components used in smartphones, communications equipment, automobiles, computers, industrial systems, healthcare devices and other electronic products.

Its product portfolio includes multilayer ceramic capacitors, inductors, filters, resonators, sensors, timing devices, power-related components, batteries and wireless connectivity modules. Murata also provides component-related technologies and modules designed for applications such as radio-frequency communications, automotive electronics, Internet of Things devices and energy management.

Founded in Kyoto in 1944, Murata has expanded into a global business serving customers through manufacturing, research and development, sales and distribution operations across Japan, the Americas, Europe and Asia.