Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 15,300 shares, a drop of 84.4% from the August 15th total of 98,300 shares. Based on an average daily trading volume, of 199,000 shares, the short-interest ratio is presently 0.1 days.
Separately, Zacks Investment Research raised Murata Manufacturing from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 8th.
Shares of OTCMKTS:MRAAY traded up $0.02 on Wednesday, hitting $23.67. 166,028 shares of the company’s stock were exchanged, compared to its average volume of 171,572. Murata Manufacturing has a 1-year low of $15.59 and a 1-year high of $26.59. The company has a market capitalization of $63.99 billion, a PE ratio of 23.44 and a beta of 0.78. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.53 and a current ratio of 3.61. The firm’s 50-day moving average is $20.97 and its 200 day moving average is $20.30.
Murata Manufacturing Co, Ltd. engages in research, production and sale of electronic devices made from fine ceramics. It operates through the following segments: Components, Modules, and Others. The Components division offers multilayer ceramic capacitors, SAW (Surface Acoustic Wave) filters, ceramic resonators, piezoelectric sensors, ceramic filters, piezoelectric buzzers, short-range wireless communication modules, Bluetooth modules and others.
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