Murata Manufacturing (OTCMKTS:MRAAY) Sees Strong Trading Volume – Time to Buy?

Murata Manufacturing Inc. (OTCMKTS:MRAAY) shares saw unusually-high trading volume on Friday . Approximately 368,305 shares were traded during mid-day trading, a decline of 36% from the previous session’s volume of 579,952 shares.The stock last traded at $22.79 and had previously closed at $24.71.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MRAAY shares. Zacks Research raised Murata Manufacturing to a “hold” rating in a research report on Monday, April 27th. Citigroup raised Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Murata Manufacturing has an average rating of “Buy”.

Murata Manufacturing Trading Down 4.7%

The firm’s fifty day moving average price is $28.65 and its 200-day moving average price is $17.84. The firm has a market cap of $86.11 billion, a price-to-earnings ratio of 56.07 and a beta of 1.57.

Murata Manufacturing (OTCMKTS:MRAAY) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.13 EPS for the quarter, topping the consensus estimate 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, sell-side analysts expect that Murata Manufacturing Inc. will post 0.55 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.