Murata Manufacturing (OTCMKTS:MRAAY) Sees Strong Trading Volume – Here’s What Happened

Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY) saw an uptick in trading volume on Thursday. Approximately 2,739,298 shares traded hands during trading, an increase of 334% from the average daily volume of 631,309 shares. The stock last traded at $21.68 and had previously closed at $21.50.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein assumed coverage on Murata Manufacturing in a research report on Tuesday, September 15th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Murata Manufacturing currently has an average rating of “Buy”.

Murata Manufacturing Stock Performance

The firm has a market cap of $78.94 billion, a P/E ratio of 45.93 and a beta of 1.66. The firm’s fifty day simple moving average is $23.60 and its 200 day simple moving average is $20.22.

Murata Manufacturing (OTCMKTS:MRAAY) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Murata Manufacturing had a net margin of 13.86% and a return on equity of 9.84%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.97 billion. Murata Manufacturing has set its FY 2026 guidance at 0.583-0.583 EPS. On average, equities research analysts predict that Murata Manufacturing Inc. will post 0.69 earnings per share for the current 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.