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

Murata Manufacturing Inc. (OTCMKTS:MRAAY) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 200,976 shares, a drop of 50.4% from the May 31st total of 405,323 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,272,008 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Citigroup raised shares of Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Monday. Zacks Research upgraded Murata Manufacturing to a “hold” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Murata Manufacturing Stock Up 3.7%

Shares of OTCMKTS MRAAY opened at $36.20 on Wednesday. The company’s fifty day moving average is $25.27 and its 200-day moving average is $16.19. The stock has a market cap of $132.37 billion, a price-to-earnings ratio of 86.19 and a beta of 1.59. Murata Manufacturing has a twelve month low of $6.95 and a twelve month high of $38.72.

Murata Manufacturing (OTCMKTS:MRAAY) last announced its quarterly 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. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%.The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.91 billion. On average, research analysts anticipate that Murata Manufacturing will post 0.55 EPS 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.