Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Up – Still a Buy?

Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY) gapped up before the market opened on Thursday . The stock had previously closed at $24.57, but opened at $27.50. Murata Manufacturing shares last traded at $27.50, with a volume of 33,513 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded 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, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Murata Manufacturing Stock Up 13.3%

The stock has a 50-day moving average of $15.50 and a 200 day moving average of $12.41. The stock has a market cap of $101.84 billion, a PE ratio of 66.31 and a beta of 1.32.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its earnings results 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%. On average, equities analysts anticipate 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.