Murata Manufacturing (OTCMKTS:MRAAY) Sets New 12-Month High – Time to Buy?

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $17.29 and last traded at $17.1850, with a volume of 76039 shares trading hands. The stock had previously closed at $16.61.

Analyst Upgrades and Downgrades

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

Murata Manufacturing Stock Up 6.0%

The company has a market capitalization of $68.74 billion, a PE ratio of 44.76 and a beta of 1.32. The stock’s fifty day moving average price is $13.05 and its two-hundred day moving average price is $11.36.

Murata Manufacturing (OTCMKTS:MRAAY) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.13 earnings per share (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 for the quarter, compared to the consensus estimate of $2.91 billion. On average, equities research analysts forecast that Murata Manufacturing Inc. will post 0.51 EPS for the current 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.