Murata Manufacturing (OTCMKTS:MRAAY) Sees Large Volume Increase – What’s Next?

Murata Manufacturing Inc. (OTCMKTS:MRAAY) shares saw an uptick in trading volume on Monday . 380,166 shares traded hands during mid-day trading, a decline of 13% from the previous session’s volume of 437,137 shares.The stock last traded at $33.69 and had previously closed at $31.70.

Wall Street Analyst Weigh In

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

Murata Manufacturing Price Performance

The stock has a market cap of $119.20 billion, a price-to-earnings ratio of 77.62 and a beta of 1.59. The stock has a fifty day moving average of $16.66 and a 200 day moving average of $12.85.

Murata Manufacturing (OTCMKTS:MRAAY) last released its earnings results on Thursday, April 30th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates 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, equities analysts expect that Murata Manufacturing Inc. will post 0.51 earnings per share for the current fiscal 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.