Murata Manufacturing (OTCMKTS:MRAAY) Shares Up 17.9% – Still a Buy?

Murata Manufacturing Inc. (OTCMKTS:MRAAY) was up 17.9% during trading on Thursday . The company traded as high as $22.64 and last traded at $22.46. 274,741 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 589,946 shares. The stock had previously closed at $19.0450.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MRAAY. Citigroup raised shares of Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Zacks Research upgraded shares of Murata Manufacturing to a “hold” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Murata Manufacturing Trading Up 20.9%

The company’s fifty day moving average is $29.42 and its 200 day moving average is $18.69. The company has a market capitalization of $84.18 billion, a P/E ratio of 54.82 and a beta of 1.57.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its earnings results on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Equities research analysts predict that Murata Manufacturing Inc. will post 0.55 EPS 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.