Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Up - Here's Why

Murata Manufacturing Inc. (OTCMKTS:MRAAY - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $7.22, but opened at $7.74. Murata Manufacturing shares last traded at $7.35, with a volume of 16,011 shares.

Murata Manufacturing Trading Up 0.6%

The company has a fifty day simple moving average of $7.20 and a two-hundred day simple moving average of $7.70. The company has a market cap of $27.08 billion, a PE ratio of 17.73 and a beta of 0.86.

Murata Manufacturing (OTCMKTS:MRAAY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $2.70 billion during the quarter. Murata Manufacturing had a return on equity of 9.07% and a net margin of 13.41%. On average, research analysts anticipate that Murata Manufacturing Inc. will post 0.41 EPS for the current fiscal year.

Murata Manufacturing Company Profile

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.