Murata Manufacturing (OTCMKTS:MRAAY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY) saw unusually-high trading volume on Thursday. 2,739,298 shares traded hands during trading, an increase of 334% from the average daily volume of 631,309 shares. The stock last traded at $21.68 and had previously closed at $21.50.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein assumed coverage on Murata Manufacturing in a research report on Tuesday, September 15th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Murata Manufacturing Stock Performance

The firm has a market capitalization of $72.14 billion, a P/E ratio of 46.17 and a beta of 1.66. The firm has a 50-day moving average of $23.51 and a 200-day moving average of $20.32.

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly earnings data on Friday, October 30th. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.53 billion. Murata Manufacturing had a return on equity of 9.84% and a net margin of 13.86%. On average, research analysts forecast that Murata Manufacturing Inc. will post 0.69 EPS for the current fiscal year.

About Murata Manufacturing

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.