Murata Manufacturing (OTCMKTS:MRAAY) Sees Large Volume Increase – Still a Buy?

Murata Manufacturing Inc. (OTCMKTS:MRAAY) saw unusually-high trading volume on Tuesday . Approximately 342,618 shares traded hands during mid-day 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 Analyst Weigh In

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

Murata Manufacturing Stock Up 14.2%

The stock has a market cap of $102.60 billion, a PE ratio of 66.81 and a beta of 1.32. The firm has a 50-day simple moving average of $15.50 and a 200-day simple moving average of $12.41.

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