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

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $27.33, but opened at $31.70. Murata Manufacturing shares last traded at $31.49, with a volume of 186,863 shares changing hands.

Wall Street Analyst Weigh In

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

Murata Manufacturing Stock Up 15.9%

The stock has a fifty day moving average of $19.97 and a 200-day moving average of $14.11. The firm has a market capitalization of $115.83 billion, a P/E ratio of 75.42 and a beta of 1.59.

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly 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. The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%. As a group, analysts forecast that Murata Manufacturing Inc. will post 0.51 EPS 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.