Murata Manufacturing (OTCMKTS:MRAAY) Sees Large Volume Increase – What’s Next?

Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY) saw strong trading volume on Friday . Approximately 368,305 shares changed hands during mid-day trading, a decline of 36% from the previous session’s volume of 579,952 shares.The stock last traded at $22.79 and had previously closed at $24.71.

Analyst Ratings Changes

Several equities analysts recently commented on MRAAY shares. Zacks Research upgraded shares of Murata Manufacturing to a “hold” rating in a research note on Monday, April 27th. Citigroup raised shares of Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. One equities 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 data from MarketBeat, Murata Manufacturing currently has an average rating of “Buy”.

Murata Manufacturing Trading Down 3.4%

The stock has a market cap of $87.32 billion, a P/E ratio of 56.86 and a beta of 1.57. The company’s fifty day simple moving average is $28.75 and its 200-day simple moving average is $17.89.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its earnings results on Thursday, April 30th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.91 billion. Murata Manufacturing had a net margin of 12.80% and a return on equity of 8.97%. As a group, analysts expect that Murata Manufacturing Inc. 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.