Murata Manufacturing Inc. (OTCMKTS:MRAAY) Short Interest Down 44.6% in July

Murata Manufacturing Inc. (OTCMKTS:MRAAY) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 111,690 shares, a decrease of 44.6% from the June 30th total of 201,648 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,694,343 shares, the days-to-cover ratio is presently 0.1 days.

Murata Manufacturing Stock Performance

Shares of OTCMKTS:MRAAY traded up $3.98 during trading hours on Thursday, hitting $23.02. The stock had a trading volume of 506,011 shares, compared to its average volume of 591,358. The stock’s fifty day simple moving average is $29.42 and its 200 day simple moving average is $18.69. Murata Manufacturing has a 1-year low of $7.39 and a 1-year high of $38.72. The firm has a market capitalization of $84.18 billion, a price-to-earnings ratio of 54.82 and a beta of 1.57.

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, 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 business had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.91 billion. As a group, research analysts anticipate that Murata Manufacturing will post 0.55 EPS for the current year.

Analyst Ratings Changes

MRAAY has been the topic of several recent research reports. Zacks Research raised Murata Manufacturing to a “hold” rating in a report on Monday, April 27th. Citigroup raised Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy”.

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.