Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $21.10 and last traded at $21.09, with a volume of 23976 shares. The stock had previously closed at $19.97.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded shares of Murata Manufacturing to a “hold” rating in a report on Monday, April 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.
Read Our Latest Report on Murata Manufacturing
Murata Manufacturing Trading Up 6.8%
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, topping analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.91 billion. Murata Manufacturing had a net margin of 12.80% and a return on equity of 8.97%. On average, equities analysts predict that Murata Manufacturing Inc. will post 0.51 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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