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

Murata Manufacturing Inc. (OTCMKTS:MRAAY) saw an uptick in trading volume on Thursday . 584,320 shares traded hands during mid-day trading, a decline of 3% from the previous session’s volume of 602,378 shares.The stock last traded at $24.5685 and had previously closed at $25.10.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Sanford C. Bernstein started coverage on shares of Murata Manufacturing in a report on Tuesday, September 15th. They issued an “outperform” rating for the company. Citigroup upgraded shares of Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Murata Manufacturing Price Performance

The firm’s 50 day moving average is $23.62 and its 200 day moving average is $22.20. The firm has a market cap of $89.46 billion, a P/E ratio of 52.05 and a beta of 1.60.

Murata Manufacturing (OTCMKTS:MRAAY) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $2.97 billion. Murata Manufacturing had a net margin of 13.86% and a return on equity of 9.84%. Murata Manufacturing has set its FY 2026 guidance at 0.583-0.583 EPS. As a group, analysts expect that Murata Manufacturing Inc. will post 0.69 EPS for the current year.

About Murata Manufacturing

Murata Manufacturing Co, Ltd. is a Japan-based electronics component manufacturer headquartered in Kyoto. The company develops and produces components and solutions used in smartphones, computers, automobiles, industrial equipment, healthcare devices and other electronic products.

Its product portfolio includes multilayer ceramic capacitors, inductors, filters, timing devices, sensors, radio-frequency components, communication modules and power-related products. Murata also provides batteries and electronic modules designed for applications such as wireless connectivity, automotive systems and factory automation.

Founded in 1944 by Akira Murata and incorporated as Murata Manufacturing Co, Ltd.