Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $19.14 and last traded at $19.07, with a volume of 404993 shares traded. The stock had previously closed at $18.77.
Analyst Ratings Changes
Separately, Zacks Research upgraded shares of Murata Manufacturing to a “hold” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.
Read Our Latest Analysis on Murata Manufacturing
Murata Manufacturing Trading Up 1.6%
Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.91 billion. On average, analysts anticipate that Murata Manufacturing Inc. will post 0.51 EPS for the current fiscal 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.
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