Murata Manufacturing (OTCMKTS:MRAAY) Sees Large Volume Increase – Here’s What Happened

Murata Manufacturing Inc. (OTCMKTS:MRAAY) saw unusually-high trading volume on Monday . Approximately 380,166 shares changed hands during mid-day trading, a decline of 13% from the previous session’s volume of 437,137 shares.The stock last traded at $33.69 and had previously closed at $31.70.

Analyst Ratings Changes

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

Murata Manufacturing Stock Performance

The business’s 50 day moving average is $16.22 and its 200 day moving average is $12.69. The company has a market capitalization of $123.19 billion, a price-to-earnings ratio of 80.22 and a beta of 1.59.

Murata Manufacturing (OTCMKTS:MRAAY) last released its earnings results on Thursday, April 30th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Murata Manufacturing had a net margin of 12.80% and a return on equity of 8.97%. Sell-side analysts predict that Murata Manufacturing Inc. will post 0.51 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.