Murata Manufacturing (OTCMKTS:MRAAY) Trading 2.3% Higher – Here’s What Happened

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

Murata Manufacturing Stock Performance

The company has a 50-day simple moving average of $8.42 and a two-hundred day simple moving average of $8.56. The firm has a market capitalization of $31.25 billion, a P/E ratio of 22.11 and a beta of 0.78.

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly earnings results 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 net margin of 12.00% and a return on equity of 8.01%. As a group, research analysts forecast 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.