Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $19.40, but opened at $20.67. Murata Manufacturing shares last traded at $20.08, with a volume of 30,386 shares trading hands.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded Murata Manufacturing to a “hold” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Murata Manufacturing currently has a consensus rating of “Hold”.
View Our Latest Report on MRAAY
Murata Manufacturing Trading Down 3.0%
Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%.The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.91 billion. On average, equities analysts predict that Murata Manufacturing Inc. will post 0.51 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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