Murata Manufacturing (OTCMKTS:MRAAY) Rating Increased to Strong-Buy at Citigroup

Citigroup upgraded shares of Murata Manufacturing (OTCMKTS:MRAAY) from a hold rating to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

Separately, Zacks Research upgraded shares of Murata Manufacturing to a “hold” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Murata Manufacturing Stock Up 3.4%

MRAAY stock opened at $34.90 on Monday. Murata Manufacturing has a twelve month low of $6.95 and a twelve month high of $38.72. The company has a market cap of $127.61 billion, a P/E ratio of 83.10 and a beta of 1.59. The business has a fifty day moving average of $24.84 and a 200-day moving average of $16.01.

Murata Manufacturing (OTCMKTS:MRAAY) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating 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. As a group, equities research analysts anticipate that Murata Manufacturing will post 0.55 earnings per share for the current fiscal 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.