Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report)’s stock price shot up 13.4% during trading on Monday. The stock traded as high as $16.09 and last traded at $16.0650. 6,374,830 shares were traded during trading, an increase of 747% from the average daily volume of 752,397 shares. The stock had previously closed at $14.17.
Analyst Upgrades and Downgrades
Separately, Sanford C. Bernstein assumed 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 given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.
Read Our Latest Research Report on MRAAY
Murata Manufacturing Price Performance
The firm has a market capitalization of $59.75 billion, a PE ratio of 32.68 and a beta of 1.83. The stock has a 50-day moving average price of $23.04 and a 200-day moving average price of $20.50.
Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last issued its quarterly earnings results on Friday, October 30th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. Murata Manufacturing had a return on equity of 10.44% and a net margin of 14.19%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.53 billion. As a group, equities research analysts predict that Murata Manufacturing Inc. will post 0.69 earnings per share for the current fiscal year.
Murata Manufacturing Company Profile
Murata Manufacturing Co, Ltd. is a Japan-based maker of electronic components and modules used in a wide range of devices and systems. Its products include ceramic capacitors, inductors, filters, sensors, communication modules and batteries.
The company’s components support applications in smartphones and other communications equipment, computers, consumer electronics, vehicles, industrial systems and healthcare devices. Murata serves customers around the world through its international manufacturing and sales operations.
Founded by Akira Murata in Kyoto in 1944, the company has grown from a maker of ceramic components into a global electronics supplier.
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