Murata Manufacturing (OTCMKTS:MRAAY) Releases Earnings Results

by · The Markets Daily

Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) posted its quarterly earnings results on Friday. The company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18, Zacks reports. Murata Manufacturing had a net margin of 13.86% and a return on equity of 9.84%.

Murata Manufacturing Price Performance

Shares of OTCMKTS:MRAAY traded down $1.97 during trading on Friday, hitting $19.73. 2,384,614 shares of the company’s stock were exchanged, compared to its average volume of 642,904. Murata Manufacturing has a 52-week low of $9.33 and a 52-week high of $38.72. The business’s 50-day simple moving average is $23.57 and its 200 day simple moving average is $20.28. The company has a market cap of $72.14 billion, a price-to-earnings ratio of 41.98 and a beta of 1.66.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein began coverage on shares of Murata Manufacturing in a research note on Tuesday, September 15th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Check Out Our Latest Stock Analysis on MRAAY

Murata Manufacturing Company Profile

(Get Free Report)

Murata Manufacturing Co, Ltd. is a Japanese electronic components manufacturer that develops and produces components, modules and devices used in a broad range of electronic equipment. Its product portfolio includes multilayer ceramic capacitors, inductors, filters, timing devices, sensors, wireless connectivity modules and power-related components.

The company’s products support applications in smartphones, computers, automobiles, industrial equipment, healthcare devices and other consumer and communications electronics.

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