Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Up – Time to Buy?

Murata Manufacturing Inc. (OTCMKTS:MRAAY) gapped up before the market opened on Monday . The stock had previously closed at $27.33, but opened at $31.70. Murata Manufacturing shares last traded at $31.49, with a volume of 186,863 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised 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 data from MarketBeat, the stock has an average rating of “Hold”.

Murata Manufacturing Stock Up 15.9%

The company has a market capitalization of $115.83 billion, a P/E ratio of 75.42 and a beta of 1.59. The stock has a fifty day simple moving average of $19.97 and a 200-day simple moving average of $14.11.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $2.91 billion. Analysts predict that Murata Manufacturing Inc. will post 0.51 earnings per share for the current fiscal year.

About Murata Manufacturing

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.