Murata Manufacturing (OTCMKTS:MRAAY) Trading Up 2.3% – What’s Next?

Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY)’s share price rose 2.3% during trading on Wednesday . The company traded as high as $7.98 and last traded at $7.96. Approximately 294,952 shares traded hands during trading, a decline of 45% from the average daily volume of 540,407 shares. The stock had previously closed at $7.78.

Murata Manufacturing Stock Performance

The business has a fifty day moving average price of $8.40 and a 200 day moving average price of $8.55. The company has a market cap of $26.38 billion, a price-to-earnings ratio of 18.67 and a beta of 0.87.

Murata Manufacturing (OTCMKTS:MRAAY) last posted its earnings results on Friday, February 7th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). Murata Manufacturing had a return on equity of 8.01% and a net margin of 12.00%. As a group, equities analysts anticipate that Murata Manufacturing Co., Ltd. will post 0.41 EPS for the current year.

Murata Manufacturing Company Profile

Murata Manufacturing Co, Ltd. designs, manufactures, and sells ceramic-based passive electronic components and solutions in Japan and internationally. The company offers capacitors, inductors, noise suppression products/EMI suppression filters/ESD protection devices, resistors, thermistors, sensors, timing devices, quartz devices, sound components, power products, batteries, micro mechatronics, RFID product, baluns, couplers, filters, phase shifters, RF switches, front-end modules, SAW components, connectors, antennas, connectivity modules, wireless connectivity platforms, ionizers/active oxygen modules, and transformers.