Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Up – What’s Next?

Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $28.99, but opened at $30.96. Murata Manufacturing shares last traded at $30.84, with a volume of 124,751 shares.

Analyst Upgrades and Downgrades

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 MarketBeat.com, the company presently has an average rating of “Hold”.

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Murata Manufacturing Trading Up 1.6%

The stock has a market cap of $107.69 billion, a P/E ratio of 70.12 and a beta of 1.59. The stock’s 50-day moving average is $18.60 and its 200-day moving average is $13.59.

Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.13 earnings per share 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. On average, equities analysts forecast that Murata Manufacturing Inc. will post 0.51 EPS for the current year.

About Murata Manufacturing

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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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