Murata Manufacturing (OTCMKTS:MRAAY) Trading Up 7% – Still a Buy?

Murata Manufacturing Inc. (OTCMKTS:MRAAY) was up 7% on Wednesday . The stock traded as high as $35.36 and last traded at $35.21. Approximately 214,344 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 511,677 shares. The stock had previously closed at $32.92.

Wall Street Analysts Forecast Growth

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

Murata Manufacturing Trading Up 11.5%

The stock has a market capitalization of $134.20 billion, a PE ratio of 87.38 and a beta of 1.59. The firm has a 50 day moving average of $20.80 and a two-hundred day moving average of $14.43.

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%.The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.91 billion. Equities research analysts forecast that Murata Manufacturing Inc. will post 0.55 EPS for the current 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.