Short Interest in Murata Manufacturing Inc. (OTCMKTS:MRAAY) Decreases By 44.6%

Murata Manufacturing Inc. (OTCMKTS:MRAAY) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 111,690 shares, a decline of 44.6% from the June 30th total of 201,648 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,694,343 shares, the short-interest ratio is presently 0.1 days.

Murata Manufacturing Stock Performance

OTCMKTS:MRAAY traded down $2.66 during mid-day trading on Wednesday, reaching $19.04. The stock had a trading volume of 957,085 shares, compared to its average volume of 590,077. The firm has a market capitalization of $69.62 billion, a price-to-earnings ratio of 45.33 and a beta of 1.57. Murata Manufacturing has a twelve month low of $7.08 and a twelve month high of $38.72. The business has a 50 day simple moving average of $29.44 and a 200 day simple moving average of $18.63.

Murata Manufacturing (OTCMKTS:MRAAY) last released its earnings results on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%. As a group, sell-side analysts expect that Murata Manufacturing will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MRAAY shares. Zacks Research raised Murata Manufacturing to a “hold” rating in a report on Monday, April 27th. Citigroup raised shares of Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

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.