Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Up – Still a Buy?

Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY) gapped up prior to trading on Thursday . The stock had previously closed at $24.57, but opened at $27.50. Murata Manufacturing shares last traded at $27.50, with a volume of 33,513 shares trading hands.

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, the company has a consensus rating of “Hold”.

Murata Manufacturing Stock Up 13.3%

The firm has a market cap of $101.84 billion, a PE ratio of 66.31 and a beta of 1.32. The stock has a 50 day moving average price of $15.50 and a two-hundred day moving average price of $12.41.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.13 earnings per share for the quarter, topping 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 business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.91 billion. As a group, equities analysts anticipate that Murata Manufacturing Inc. will post 0.51 earnings per share for the current year.

Murata Manufacturing Company Profile

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.