Murata Manufacturing (OTCMKTS:MRAAY) Stock Price Up 2.3% - Here's What Happened

Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY - Get Free Report)'s share price traded up 2.3% during mid-day trading on Wednesday . The company traded as high as $7.98 and last traded at $7.96. 294,952 shares changed hands during 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 Down 9.1 %

The stock has a market capitalization of $26.38 billion, a PE ratio of 18.67 and a beta of 0.87. The firm's fifty day moving average is $8.37 and its 200-day moving average is $8.52.

Murata Manufacturing (OTCMKTS:MRAAY - Get Free Report) last issued its earnings results on Friday, February 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.03). Murata Manufacturing had a net margin of 12.00% and a return on equity of 8.01%. On average, analysts expect that Murata Manufacturing Co., Ltd. will post 0.41 EPS for the current 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.