Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Up – Time to Buy?

Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY) gapped up before the market opened on Friday . The stock had previously closed at $21.30, but opened at $22.40. Murata Manufacturing shares last traded at $22.3192, with a volume of 20,994 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Murata Manufacturing to a “hold” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Murata Manufacturing Stock Performance

The stock has a market capitalization of $82.46 billion, a price-to-earnings ratio of 53.69 and a beta of 1.32. The company has a 50-day moving average of $14.51 and a 200-day moving average of $12.05.

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