Murata Manufacturing Inc. (OTCMKTS:MRAAY) Short Interest Update

Murata Manufacturing Inc. (OTCMKTS:MRAAY) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 405,323 shares, a drop of 33.1% from the May 14th total of 605,786 shares. Based on an average trading volume of 1,540,674 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of 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 has a consensus rating of “Hold”.

Murata Manufacturing Stock Performance

Shares of MRAAY traded up $1.93 during midday trading on Wednesday, hitting $34.85. The company had a trading volume of 133,420 shares, compared to its average volume of 511,318. Murata Manufacturing has a 1 year low of $6.80 and a 1 year high of $35.50. The firm has a market capitalization of $127.44 billion, a P/E ratio of 82.98 and a beta of 1.59. The company’s 50-day simple moving average is $20.80 and its 200-day simple moving average is $14.43.

Murata Manufacturing (OTCMKTS:MRAAY) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.91 billion. Murata Manufacturing had a net margin of 12.80% and a return on equity of 8.97%. Equities analysts predict that Murata Manufacturing will post 0.55 earnings per share for the current fiscal 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.