Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Up – Time to Buy?

Murata Manufacturing Inc. (OTCMKTS:MRAAY) gapped up before the market opened on Monday . The stock had previously closed at $27.33, but opened at $31.70. Murata Manufacturing shares last traded at $31.49, with a volume of 186,863 shares changing hands.

Analyst Upgrades and Downgrades

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

Murata Manufacturing Price Performance

The firm has a fifty day simple moving average of $20.80 and a two-hundred day simple moving average of $14.43. The firm has a market capitalization of $120.37 billion, a P/E ratio of 78.38 and a beta of 1.59.

Murata Manufacturing (OTCMKTS:MRAAY) last posted its earnings results on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.91 billion. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%. On average, research analysts anticipate 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.