Murata Manufacturing (OTCMKTS:MRAAY) Sets New 1-Year High – Should You Buy?

Murata Manufacturing Inc. (OTCMKTS:MRAAY) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $21.10 and last traded at $21.09, with a volume of 23976 shares. The stock had previously closed at $19.97.

Wall Street Analysts Forecast Growth

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

Murata Manufacturing Price Performance

The company’s 50-day simple moving average is $14.32 and its 200-day simple moving average is $11.98. The company has a market cap of $78.01 billion, a price-to-earnings ratio of 50.80 and a beta of 1.32.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. Murata Manufacturing had a net margin of 12.80% and a return on equity of 8.97%. The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.91 billion. Equities analysts predict that Murata Manufacturing Inc. 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.