Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) Sees Large Drop in Short Interest

Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 500 shares, a decline of 99.7% from the November 30th total of 145,300 shares. Based on an average daily trading volume, of 1,064,800 shares, the short-interest ratio is currently 0.0 days.

Murata Manufacturing Price Performance

Murata Manufacturing stock traded up $0.03 during trading hours on Thursday, hitting $7.86. The company had a trading volume of 704,798 shares, compared to its average volume of 328,225. The firm’s fifty day moving average is $8.48 and its 200-day moving average is $9.59. Murata Manufacturing has a fifty-two week low of $7.55 and a fifty-two week high of $12.00. The firm has a market capitalization of $30.86 billion, a P/E ratio of 24.56 and a beta of 0.81.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). Murata Manufacturing had a net margin of 10.80% and a return on equity of 7.23%. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $2.94 billion. Analysts anticipate that Murata Manufacturing will post 0.54 earnings per share for the current 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.