Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report) shares fell 8.4% on Thursday . The company traded as low as $25.11 and last traded at $25.15. Approximately 109,066 shares traded hands during trading, a decline of 81% from the average daily volume of 576,319 shares. The stock had previously closed at $27.45.
Wall Street Analysts Forecast Growth
MRAAY has been the subject of a number of research reports. Citigroup upgraded shares of Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. Zacks Research upgraded shares of Murata Manufacturing to a “hold” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Murata Manufacturing has an average rating of “Buy”.
Read Our Latest Report on MRAAY
Murata Manufacturing Price Performance
Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.13 earnings per share for the quarter, topping 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 business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.91 billion. On average, analysts forecast that Murata Manufacturing Inc. will post 0.55 EPS 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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