Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Up – Should You Buy?

Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY) gapped up before the market opened on Thursday . The stock had previously closed at $24.11, but opened at $26.16. Murata Manufacturing shares last traded at $26.29, with a volume of 52,982 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MRAAY. Citigroup raised shares of Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Zacks Research raised Murata Manufacturing to a “hold” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Murata Manufacturing Trading Up 10.0%

The company’s 50 day moving average is $28.60 and its 200 day moving average is $19.60. The company has a market cap of $96.95 billion, a PE ratio of 56.42 and a beta of 1.60.

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly earnings data on Friday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Murata Manufacturing had a net margin of 13.86% and a return on equity of 9.94%. Murata Manufacturing has set its FY 2026 guidance at 0.583-0.583 EPS. Analysts expect that Murata Manufacturing Inc. will post 0.58 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.