Murata Manufacturing (OTCMKTS:MRAAY) Stock Price Up 4.4% – Should You Buy?

Murata Manufacturing Inc. (OTCMKTS:MRAAY) shares shot up 4.4% during trading on Tuesday . The stock traded as high as $24.19 and last traded at $24.02. Approximately 33,319 shares changed hands during trading, a decline of 94% from the average daily volume of 586,041 shares. The stock had previously closed at $23.01.

Analysts Set New Price Targets

Several research analysts recently weighed in on MRAAY shares. Citigroup upgraded Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Sanford C. Bernstein started coverage on Murata Manufacturing in a research note on Tuesday. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Murata Manufacturing currently has an average rating of “Buy”.

Murata Manufacturing Trading Up 2.3%

The company has a market cap of $89.77 billion, a PE ratio of 52.24 and a beta of 1.60. The firm’s 50-day simple moving average is $23.99 and its two-hundred day simple moving average is $21.75.

Murata Manufacturing (OTCMKTS:MRAAY) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.97 billion. Murata Manufacturing had a net margin of 13.86% and a return on equity of 9.84%. Murata Manufacturing has set its FY 2026 guidance at 0.583-0.583 EPS. As a group, analysts predict that Murata Manufacturing Inc. will post 0.69 EPS for the current year.

About Murata Manufacturing

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.