Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Up – Time to Buy?

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $24.57, but opened at $27.50. Murata Manufacturing shares last traded at $27.50, with a volume of 33,513 shares changing hands.

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, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Murata Manufacturing Stock Up 13.0%

The firm has a market cap of $115.91 billion, a PE ratio of 75.48 and a beta of 1.32. The firm’s fifty day simple moving average is $16.22 and its two-hundred day simple moving average is $12.67.

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Murata Manufacturing had a net margin of 12.80% and a return on equity of 8.97%. As a group, analysts anticipate 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.