Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report) saw unusually-high trading volume on Tuesday. 4,629,642 shares were traded during trading, an increase of 493% from the average daily volume of 780,325 shares. The stock last traded at $16.38 and had previously closed at $16.79.
Analysts Set New Price Targets
Separately, Sanford C. Bernstein initiated coverage on Murata Manufacturing in a report on Tuesday, September 15th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.
Get Our Latest Stock Report on MRAAY
Murata Manufacturing Price Performance
The stock has a 50-day moving average price of $22.92 and a two-hundred day moving average price of $20.53. The stock has a market cap of $59.53 billion, a PE ratio of 32.56 and a beta of 1.83.
Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last announced its quarterly earnings results on Friday, October 30th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.53 billion. Murata Manufacturing had a return on equity of 10.44% and a net margin of 14.19%. Equities research analysts expect 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 maker of electronic components and modules used in a wide range of devices and systems. Its products include ceramic capacitors, inductors, filters, sensors, communication modules and batteries.
The company’s components support applications in smartphones and other communications equipment, computers, consumer electronics, vehicles, industrial systems and healthcare devices. Murata serves customers around the world through its international manufacturing and sales operations.
Founded by Akira Murata in Kyoto in 1944, the company has grown from a maker of ceramic components into a global electronics supplier.
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