Murata Manufacturing (OTCMKTS:MRAAY) Hits New 52-Week High – Still a Buy?

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $19.14 and last traded at $19.07, with a volume of 404993 shares traded. The stock had previously closed at $18.77.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Murata Manufacturing to a “hold” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Murata Manufacturing Trading Up 1.0%

The firm has a market cap of $70.94 billion, a PE ratio of 46.19 and a beta of 1.32. The firm has a fifty day simple moving average of $13.52 and a two-hundred day simple moving average of $11.63.

Murata Manufacturing (OTCMKTS:MRAAY) last announced its earnings results on Thursday, April 30th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.91 billion. Murata Manufacturing had a net margin of 12.80% and a return on equity of 8.97%. Equities analysts expect 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.