Murata Manufacturing Inc. (OTCMKTS:MRAAY) Sees Significant Decrease in Short Interest

Murata Manufacturing Inc. (OTCMKTS:MRAAY) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 405,323 shares, a decline of 33.1% from the May 14th total of 605,786 shares. Based on an average daily trading volume, of 1,540,674 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Murata Manufacturing Price Performance

Shares of MRAAY stock opened at $31.80 on Tuesday. Murata Manufacturing has a 1-year low of $6.80 and a 1-year high of $35.50. The stock’s fifty day moving average price is $20.37 and its 200 day moving average price is $14.27. The company has a market cap of $116.28 billion, a price-to-earnings ratio of 75.72 and a beta of 1.59.

Murata Manufacturing (OTCMKTS:MRAAY) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.91 billion. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%. As a group, equities research analysts anticipate that Murata Manufacturing will post 0.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.