Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report)’s share price was down 6.1% during trading on Thursday . The company traded as low as $30.05 and last traded at $30.2404. Approximately 293,559 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 474,569 shares. The stock had previously closed at $32.20.
Analysts Set New Price Targets
Separately, Zacks Research upgraded shares of Murata Manufacturing to a “hold” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Murata Manufacturing presently has a consensus rating of “Hold”.
Read Our Latest Report on Murata Manufacturing
Murata Manufacturing Price Performance
Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last released its quarterly earnings data 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 return on equity of 8.97% and a net margin of 12.80%.The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Equities analysts forecast that Murata Manufacturing Inc. will post 0.51 earnings per share for the current 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.
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