Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Up – Time to Buy?

Murata Manufacturing Inc. (OTCMKTS:MRAAY) shares gapped up before the market opened on Thursday . The stock had previously closed at $22.88, but opened at $23.75. Murata Manufacturing shares last traded at $23.79, with a volume of 36,197 shares.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded shares of Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Murata Manufacturing currently has a consensus rating of “Buy”.

Murata Manufacturing Price Performance

The company has a 50-day moving average price of $24.32 and a 200-day moving average price of $21.46. The firm has a market capitalization of $88.64 billion, a PE ratio of 51.58 and a beta of 1.60.

Murata Manufacturing (OTCMKTS:MRAAY) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Murata Manufacturing had a return on equity of 9.84% and a net margin of 13.86%.The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Murata Manufacturing has set its FY 2026 guidance at 0.583-0.583 EPS. On average, research analysts predict that Murata Manufacturing Inc. will post 0.69 earnings per share for the current fiscal year.

Murata Manufacturing Company Profile

Murata Manufacturing Co, Ltd. is a Japan-based electronics component manufacturer headquartered in Kyoto. The company develops and produces components and solutions used in smartphones, computers, automobiles, industrial equipment, healthcare devices and other electronic products.

Its product portfolio includes multilayer ceramic capacitors, inductors, filters, timing devices, sensors, radio-frequency components, communication modules and power-related products. Murata also provides batteries and electronic modules designed for applications such as wireless connectivity, automotive systems and factory automation.

Founded in 1944 by Akira Murata and incorporated as Murata Manufacturing Co, Ltd.