Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Up – Here’s What Happened

Murata Manufacturing Inc. (OTCMKTS:MRAAY) gapped up prior to trading on Tuesday . The stock had previously closed at $28.99, but opened at $30.96. Murata Manufacturing shares last traded at $30.84, with a volume of 124,751 shares trading hands.

Wall Street Analyst Weigh In

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

Murata Manufacturing Price Performance

The stock’s 50 day moving average is $19.29 and its two-hundred day moving average is $13.85. The stock has a market capitalization of $99.06 billion, a PE ratio of 64.50 and a beta of 1.59.

Murata Manufacturing (OTCMKTS:MRAAY) last released its earnings results on Thursday, April 30th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Murata Manufacturing had a net margin of 12.80% and a return on equity of 8.97%. The firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.91 billion. On average, equities analysts predict that Murata Manufacturing Inc. will post 0.51 earnings per share for the current year.

Murata Manufacturing Company Profile

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.