Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Up – Here’s Why

Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY) gapped up prior to trading on Thursday . The stock had previously closed at $24.11, but opened at $26.16. Murata Manufacturing shares last traded at $26.29, with a volume of 52,982 shares traded.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Citigroup raised shares of Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Zacks Research raised shares of Murata Manufacturing to a “hold” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Murata Manufacturing Stock Up 10.0%

The firm has a market cap of $96.95 billion, a PE ratio of 56.42 and a beta of 1.60. The stock has a 50 day moving average price of $28.60 and a two-hundred day moving average price of $19.60.

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 firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $2.97 billion. Murata Manufacturing had a net margin of 13.86% and a return on equity of 9.94%. Murata Manufacturing has set its FY 2026 guidance at 0.583-0.583 EPS. As a group, equities analysts anticipate that Murata Manufacturing Inc. will post 0.58 earnings per share for the current 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.