Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report) was up 7% on Wednesday . The company traded as high as $35.36 and last traded at $35.21. 214,344 shares changed hands during trading, a decline of 58% from the average session volume of 511,677 shares. The stock had previously closed at $32.92.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised Murata Manufacturing to a “hold” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.
View Our Latest Research Report on MRAAY
Murata Manufacturing Stock Performance
Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $2.91 billion. Sell-side analysts anticipate that Murata Manufacturing Inc. will post 0.55 earnings per share for the current fiscal year.
About Murata Manufacturing
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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