Murata Manufacturing (OTCMKTS:MRAAY) Sees Large Volume Increase – Here’s Why

Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY) saw strong trading volume on Tuesday . 342,618 shares changed hands during trading, a decline of 17% from the previous session’s volume of 412,735 shares.The stock last traded at $25.6938 and had previously closed at $22.50.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Murata Manufacturing to a “hold” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Murata Manufacturing presently has an average rating of “Hold”.

Murata Manufacturing Stock Performance

The stock has a market cap of $93.94 billion, a PE ratio of 61.17 and a beta of 1.32. The company’s 50-day moving average price is $14.94 and its two-hundred day moving average price is $12.21.

Murata Manufacturing (OTCMKTS:MRAAY) last released its earnings results on Thursday, April 30th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%.The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Equities research analysts forecast that Murata Manufacturing Inc. will post 0.51 earnings per share for the current fiscal year.

Murata Manufacturing Company Profile

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.