Murata Manufacturing (OTCMKTS:MRAAY) Sees Strong Trading Volume – Still a Buy?

Murata Manufacturing Inc. (OTCMKTS:MRAAY) saw unusually-strong trading volume on Friday . 1,147,866 shares changed hands during mid-day trading, an increase of 97% from the previous session’s volume of 582,752 shares.The stock last traded at $24.2650 and had previously closed at $23.89.

Analyst Upgrades and Downgrades

Separately, Citigroup raised Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy”.

Murata Manufacturing Stock Up 1.3%

The firm has a market cap of $88.45 billion, a price-to-earnings ratio of 51.47 and a beta of 1.60. The firm has a fifty day moving average price of $24.49 and a 200-day moving average price of $21.44.

Murata Manufacturing (OTCMKTS:MRAAY) last released its earnings results on Friday, July 31st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Murata Manufacturing had a return on equity of 9.84% and a net margin of 13.86%.The firm had revenue of $3.15 billion for 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. Equities research analysts anticipate that Murata Manufacturing Inc. will post 0.58 earnings per share for the current fiscal year.

About Murata Manufacturing

Murata Manufacturing Co, Ltd. is a Japan-based electronics component manufacturer headquartered in Kyoto. The company develops and produces components and solutions used in smartphones, computers, automobiles, industrial equipment, healthcare devices and other electronic products.

Its product portfolio includes multilayer ceramic capacitors, inductors, filters, timing devices, sensors, radio-frequency components, communication modules and power-related products. Murata also provides batteries and electronic modules designed for applications such as wireless connectivity, automotive systems and factory automation.

Founded in 1944 by Akira Murata and incorporated as Murata Manufacturing Co, Ltd.