Murata Manufacturing (OTCMKTS:MRAAY) Raised to “Strong-Buy” at Citigroup

Murata Manufacturing (OTCMKTS:MRAAYGet Free Report) was upgraded by analysts at Citigroup from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Zacks Research raised shares of Murata Manufacturing to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Murata Manufacturing has an average rating of “Buy”.

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Murata Manufacturing Stock Up 3.4%

MRAAY stock opened at $34.90 on Monday. Murata Manufacturing has a twelve month low of $6.95 and a twelve month high of $38.72. The firm has a market cap of $127.61 billion, a price-to-earnings ratio of 83.10 and a beta of 1.59. The business’s fifty day simple moving average is $24.84 and its two-hundred day simple moving average is $16.01.

Murata Manufacturing (OTCMKTS:MRAAYGet Free Report) last issued its 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 firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.91 billion. Research analysts expect that Murata Manufacturing will post 0.55 EPS 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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