Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report) shares saw unusually-high trading volume on Wednesday. Approximately 4,989,094 shares changed hands during 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.
Analyst Ratings Changes
Separately, Sanford C. Bernstein started coverage on shares of Murata Manufacturing in a research report on Tuesday, September 15th. They issued an “outperform” rating on the stock. One equities research 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. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.
Read Our Latest Stock Report on MRAAY
Murata Manufacturing Price Performance
The stock has a 50 day moving average of $23.41 and a two-hundred day moving average of $20.42. The stock has a market capitalization of $70.61 billion, a PE ratio of 38.62 and a beta of 1.83.
Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last released its quarterly earnings data on Friday, October 30th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.53 billion. Murata Manufacturing had a return on equity of 10.44% and a net margin of 14.19%. As a group, research analysts predict that Murata Manufacturing Inc. will post 0.69 earnings per share for the current fiscal year.
Murata Manufacturing Company Profile
Murata Manufacturing Co, Ltd. is a Japanese electronic components manufacturer that develops and produces components, modules and devices used in a broad range of electronic equipment. Its product portfolio includes multilayer ceramic capacitors, inductors, filters, timing devices, sensors, wireless connectivity modules and power-related components.
The company’s products support applications in smartphones, computers, automobiles, industrial equipment, healthcare devices and other consumer and communications electronics.
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