Murata Manufacturing (OTCMKTS:MRAAY) Hits New 52-Week High – Here’s Why

Murata Manufacturing Inc. (OTCMKTS:MRAAYGet Free Report) hit a new 52-week high on Thursday . The company traded as high as $38.70 and last traded at $36.08, with a volume of 1979980 shares. The stock had previously closed at $32.92.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Murata Manufacturing to a “hold” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

View Our Latest Report on Murata Manufacturing

Murata Manufacturing Stock Performance

The firm’s 50-day simple moving average is $21.29 and its 200 day simple moving average is $14.61. The stock has a market capitalization of $131.93 billion, a P/E ratio of 85.91 and a beta of 1.59.

Murata Manufacturing (OTCMKTS:MRAAYGet Free Report) last issued 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 analysts’ expectations of $2.91 billion. As a group, research analysts expect that Murata Manufacturing Inc. will post 0.55 earnings per share for the current fiscal year.

Murata Manufacturing Company Profile

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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.

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