Murata Manufacturing (OTCMKTS:MRAAY) Hits New 52-Week High – Here’s Why

Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $38.70 and last traded at $36.08, with a volume of 1979980 shares changing hands. The stock had previously closed at $32.92.

Analysts Set New Price Targets

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 MarketBeat, Murata Manufacturing presently has a consensus rating of “Hold”.

Murata Manufacturing Price Performance

The firm has a 50-day moving average price of $21.29 and a 200 day moving average price of $14.61. The company has a market cap of $131.93 billion, a price-to-earnings ratio of 85.91 and a beta of 1.59.

Murata Manufacturing (OTCMKTS:MRAAY) last posted its earnings results on Thursday, April 30th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%.The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.91 billion. On average, equities analysts anticipate that Murata Manufacturing Inc. will post 0.55 EPS 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.