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

Murata Manufacturing Inc. (OTCMKTS:MRAAY) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 351,742 shares, a decrease of 71.9% from the April 15th total of 1,253,745 shares. Based on an average daily trading volume, of 700,440 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

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

Murata Manufacturing Stock Up 3.6%

Shares of MRAAY traded up $0.71 during trading hours on Thursday, reaching $20.11. The company’s stock had a trading volume of 243,740 shares, compared to its average volume of 406,274. The firm has a market cap of $73.52 billion, a price-to-earnings ratio of 47.87 and a beta of 1.32. Murata Manufacturing has a 1-year low of $6.80 and a 1-year high of $20.67. The company has a 50 day moving average of $13.52 and a two-hundred day moving average of $11.63.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its earnings results 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. 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 for the quarter, compared to the consensus estimate of $2.91 billion. As a group, analysts forecast that Murata Manufacturing will post 0.51 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.