Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Up – What’s Next?

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $28.99, but opened at $30.96. Murata Manufacturing shares last traded at $30.84, with a volume of 124,751 shares.

Analysts Set New Price Targets

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, the stock has a consensus rating of “Hold”.

Murata Manufacturing Stock Up 1.6%

The firm’s 50-day moving average price is $18.60 and its 200 day moving average price is $13.59. The firm has a market cap of $107.69 billion, a P/E ratio of 70.12 and a beta of 1.59.

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The business had revenue of $2.94 billion during 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%. On average, equities analysts predict that Murata Manufacturing Inc. will post 0.51 earnings per share for the current 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.