Murata Manufacturing (OTCMKTS:MRAAY) Trading 2.3% Higher – Time to Buy?

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

Murata Manufacturing Price Performance

The company has a market capitalization of $26.38 billion, a P/E ratio of 18.67 and a beta of 0.87. The company’s 50-day moving average price is $8.40 and its two-hundred day moving average price is $8.55.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). Murata Manufacturing had a return on equity of 8.01% and a net margin of 12.00%. On average, analysts anticipate that Murata Manufacturing Co., Ltd. will post 0.41 earnings per share for the current fiscal year.

About Murata Manufacturing

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.