Murata Manufacturing (OTCMKTS:MRAAY) Shares Climb 13.4% – What’s Next?

Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report)’s share price traded up 13.4% during trading on Monday. The stock traded as high as $16.09 and last traded at $16.0650. 6,374,830 shares traded hands during trading, an increase of 747% from the average session volume of 752,397 shares. The stock had previously closed at $14.17.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein began coverage on Murata Manufacturing in a research note on Tuesday, September 15th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

View Our Latest Report on Murata Manufacturing

Murata Manufacturing Stock Performance

The stock has a market cap of $59.93 billion, a PE ratio of 32.78 and a beta of 1.83. The company’s 50 day simple moving average is $22.80 and its 200 day simple moving average is $20.56.

Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last issued its quarterly earnings results on Friday, October 30th. The company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.53 billion. Murata Manufacturing had a return on equity of 10.44% and a net margin of 14.19%. Equities research analysts expect that Murata Manufacturing Inc. will post 0.69 earnings per share for the current year.

About Murata Manufacturing

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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.

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