Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report) shares rose 13.4% on Monday. The stock traded as high as $16.09 and last traded at $16.0650. Approximately 6,374,830 shares were traded during mid-day trading, an increase of 747% from the average daily volume of 752,397 shares. The stock had previously closed at $14.17.
Analyst Upgrades and Downgrades
Separately, Sanford C. Bernstein began coverage on shares of Murata Manufacturing in a research note 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 given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Murata Manufacturing currently has an average rating of “Buy”.
Get Our Latest Analysis on Murata Manufacturing
Murata Manufacturing Stock Performance
The business has a fifty day simple moving average of $23.04 and a 200 day simple moving average of $20.50. The company has a market cap of $59.75 billion, a P/E ratio of 32.68 and a beta of 1.83.
Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last issued its earnings results on Friday, October 30th. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Murata Manufacturing had a return on equity of 10.44% and a net margin of 14.19%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.53 billion. Equities research 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 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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