Murata Manufacturing (OTCMKTS:MRAAY) Sees Large Volume Increase – Here’s What Happened

Murata Manufacturing Inc. (OTCMKTS:MRAAY) saw unusually-high trading volume on Monday . Approximately 380,166 shares were traded during mid-day trading, a decline of 13% from the previous session’s volume of 437,137 shares.The stock last traded at $33.69 and had previously closed at $31.70.

Analysts Set New Price Targets

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

Murata Manufacturing Stock Performance

The firm has a fifty day simple moving average of $16.22 and a 200 day simple moving average of $12.69. The company has a market capitalization of $123.19 billion, a PE ratio of 80.22 and a beta of 1.59.

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.13 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 for the quarter, compared to the consensus estimate of $2.91 billion. Research analysts expect that Murata Manufacturing Inc. will post 0.51 EPS for the current fiscal 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.