Murata Manufacturing (OTCMKTS:MRAAY) Trading Up 7% – Still a Buy?

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s stock price rose 7% during trading on Wednesday . The company traded as high as $35.36 and last traded at $35.21. Approximately 214,344 shares changed hands during trading, a decline of 58% from the average daily volume of 511,677 shares. The stock had previously closed at $32.92.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded 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, Murata Manufacturing currently has a consensus rating of “Hold”.

Murata Manufacturing Stock Up 11.5%

The firm has a fifty day moving average price of $20.80 and a 200-day moving average price of $14.43. The firm has a market cap of $134.20 billion, a price-to-earnings ratio of 87.38 and a beta of 1.59.

Murata Manufacturing (OTCMKTS:MRAAY) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%.The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Equities research analysts anticipate that Murata Manufacturing Inc. will post 0.55 earnings per share 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.