Murata Manufacturing Inc. (OTCMKTS:MRAAY) Short Interest Down 50.4% in June

Murata Manufacturing Inc. (OTCMKTS:MRAAY) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 200,976 shares, a decrease of 50.4% from the May 31st total of 405,323 shares. Based on an average trading volume of 2,272,008 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Murata Manufacturing Stock Up 2.1%

MRAAY stock traded up $0.72 during trading on Tuesday, hitting $35.62. The company had a trading volume of 178,945 shares, compared to its average volume of 551,641. The firm has a 50-day moving average price of $24.84 and a 200-day moving average price of $16.01. Murata Manufacturing has a 12 month low of $6.95 and a 12 month high of $38.72. The stock has a market cap of $130.26 billion, a price-to-earnings ratio of 84.82 and a beta of 1.59.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MRAAY shares. Zacks Research upgraded shares of Murata Manufacturing to a “hold” rating in a research report on Monday, April 27th. Citigroup upgraded shares of Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

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.