Murata Manufacturing (OTCMKTS:MRAAY) Reaches New 12-Month High – Here’s Why

Murata Manufacturing Inc. (OTCMKTS:MRAAY) reached a new 52-week high during trading on Thursday . The company traded as high as $21.10 and last traded at $21.09, with a volume of 23976 shares traded. The stock had previously closed at $19.97.

Analyst Upgrades and Downgrades

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

Murata Manufacturing Stock Performance

The stock has a market capitalization of $82.27 billion, a P/E ratio of 53.57 and a beta of 1.32. The stock has a 50-day simple moving average of $14.72 and a 200 day simple moving average of $12.12.

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