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Murata Manufacturing (OTCMKTS:MRAAY) Shares Up 2.9% - Here's What Happened

Murata Manufacturing logo with Industrials background

Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY - Get Free Report)'s stock price rose 2.9% during mid-day trading on Monday . The company traded as high as $7.41 and last traded at $7.15. Approximately 542,240 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 662,975 shares. The stock had previously closed at $6.95.

Murata Manufacturing Stock Up 2.9%

The firm has a 50-day simple moving average of $7.56 and a 200-day simple moving average of $8.04. The stock has a market cap of $28.07 billion, a PE ratio of 19.86 and a beta of 0.86.

Murata Manufacturing (OTCMKTS:MRAAY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.06 EPS for the quarter. Murata Manufacturing had a net margin of 12.00% and a return on equity of 8.01%. The company had revenue of $2.70 billion for the quarter. On average, research analysts expect that Murata Manufacturing Co., Ltd. will post 0.41 earnings per share for the current year.

Murata Manufacturing Company Profile

(Get Free Report)

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.

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