Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report) saw an uptick in trading volume on Wednesday. Approximately 4,989,094 shares traded hands during mid-day trading, an increase of 647% from the average daily volume of 667,658 shares. The stock last traded at $19.27 and had previously closed at $19.79.
Analysts Set New Price Targets
Separately, Sanford C. Bernstein initiated coverage on shares of Murata Manufacturing in a research report on Tuesday, September 15th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Murata Manufacturing has an average rating of “Buy”.
View Our Latest Analysis on Murata Manufacturing
Murata Manufacturing Price Performance
The company’s 50 day simple moving average is $23.18 and its 200 day simple moving average is $20.47. The stock has a market cap of $57.76 billion, a P/E ratio of 31.59 and a beta of 1.83.
Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last announced its quarterly earnings results on Friday, October 30th. The company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. Murata Manufacturing had a net margin of 14.19% and a return on equity of 10.44%. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.53 billion. On average, equities research analysts predict that Murata Manufacturing Inc. will post 0.69 earnings per share for the current year.
About Murata Manufacturing
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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