Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report) saw an uptick in trading volume on Wednesday. 4,989,094 shares changed hands during mid-day trading, an increase of 647% from the average daily volume of 667,658 shares. The stock last traded at $19.27 and had previously closed at $19.79.
Analysts Set New Price Targets
Separately, Sanford C. Bernstein began coverage on Murata Manufacturing in a research report on Tuesday, September 15th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy”.
Check Out Our Latest Research Report on Murata Manufacturing
Murata Manufacturing Price Performance
The company has a market cap of $70.61 billion, a price-to-earnings ratio of 38.62 and a beta of 1.83. The business’s 50-day simple moving average is $23.41 and its 200-day simple moving average is $20.42.
Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last released its quarterly earnings results on Friday, October 30th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. Murata Manufacturing had a net margin of 14.19% and a return on equity of 10.44%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.53 billion. As a group, sell-side analysts forecast that Murata Manufacturing Inc. will post 0.69 EPS for the current year.
Murata Manufacturing Company Profile
Murata Manufacturing Co, Ltd. is a Japanese electronic components manufacturer that develops and produces components, modules and devices used in a broad range of electronic equipment. Its product portfolio includes multilayer ceramic capacitors, inductors, filters, timing devices, sensors, wireless connectivity modules and power-related components.
The company’s products support applications in smartphones, computers, automobiles, industrial equipment, healthcare devices and other consumer and communications electronics.
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