Murata Manufacturing Inc. (OTCMKTS:MRAAY) Sees Large Decline in Short Interest

Murata Manufacturing Inc. (OTCMKTS:MRAAY) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 200,976 shares, a decrease of 50.4% from the May 31st total of 405,323 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 2,272,008 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Citigroup raised Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Monday. Zacks Research upgraded shares of Murata Manufacturing to a “hold” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Murata Manufacturing Stock Performance

Shares of MRAAY stock traded down $3.74 on Thursday, reaching $32.27. The stock had a trading volume of 704,552 shares, compared to its average volume of 558,456. The stock has a market cap of $118.00 billion, a P/E ratio of 76.84 and a beta of 1.57. Murata Manufacturing has a 1 year low of $6.95 and a 1 year high of $38.72. The company has a 50 day simple moving average of $25.69 and a 200 day simple moving average of $16.37.

Murata Manufacturing (OTCMKTS:MRAAY) last posted 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. 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 during the quarter, compared to analysts’ expectations of $2.91 billion. On average, equities research analysts anticipate that Murata Manufacturing will post 0.55 earnings per share 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.