Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Up - Still a Buy?

Murata Manufacturing Inc. (OTCMKTS:MRAAY - Get Free Report) gapped up prior to trading 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 trading hands.

Murata Manufacturing Stock Performance

The company has a market cap of $27.34 billion, a price-to-earnings ratio of 17.90 and a beta of 0.86. The firm's 50 day simple moving average is $7.18 and its 200-day simple moving average is $7.71.

Murata Manufacturing (OTCMKTS:MRAAY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.06 earnings per share for the quarter. Murata Manufacturing had a net margin of 13.41% and a return on equity of 9.07%. The firm had revenue of $2.70 billion for the quarter. As a group, sell-side analysts expect that Murata Manufacturing Inc. will post 0.41 EPS 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.