Murata Manufacturing (OTCMKTS:MRAAY) Sees Unusually-High Trading Volume – Still a Buy?

Murata Manufacturing Inc. (OTCMKTS:MRAAYGet Free Report) saw strong trading volume on Friday . 1,147,866 shares changed hands during trading, an increase of 97% from the previous session’s volume of 582,752 shares.The stock last traded at $24.2650 and had previously closed at $23.89.

Analysts Set New Price Targets

Separately, Citigroup upgraded Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Check Out Our Latest Analysis on Murata Manufacturing

Murata Manufacturing Stock Performance

The company has a market cap of $88.45 billion, a PE ratio of 51.47 and a beta of 1.60. The stock’s 50-day simple moving average is $24.49 and its 200 day simple moving average is $21.44.

Murata Manufacturing (OTCMKTS:MRAAYGet Free Report) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. Murata Manufacturing had a net margin of 13.86% and a return on equity of 9.84%. The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Murata Manufacturing has set its FY 2026 guidance at 0.583-0.583 EPS. On average, sell-side analysts predict that Murata Manufacturing Inc. will post 0.58 EPS for the current fiscal year.

About Murata Manufacturing

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Murata Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murata Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.