Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Up – Time to Buy?

Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $21.30, but opened at $22.40. Murata Manufacturing shares last traded at $22.3192, with a volume of 20,994 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Murata Manufacturing to a “hold” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Murata Manufacturing has a consensus rating of “Hold”.

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Murata Manufacturing Stock Performance

The stock’s 50-day moving average price is $14.51 and its 200-day moving average price is $12.05. The company has a market capitalization of $82.46 billion, a price-to-earnings ratio of 53.69 and a beta of 1.32.

Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Murata Manufacturing had a net margin of 12.80% and a return on equity of 8.97%. The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.91 billion. Analysts anticipate that Murata Manufacturing Inc. will post 0.51 earnings per share for the current year.

Murata Manufacturing Company Profile

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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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