Murata Manufacturing (OTCMKTS:MRAAY) Rating Lowered to Hold at Zacks Investment Research

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Murata Manufacturing (OTCMKTS:MRAAY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday, reports.

According to Zacks, “Murata Manufacturing Co., Ltd. engages in the design, manufacture and sale of ceramic-based passive electronic components & solutions, communication modules and power supply modules. The Company’s products include filters, capacitors, thermistors, resistors, noise suppression components, coils, piezoelectric sound components, power supplies, sensors, hybrid integrated circuit (IC), and microwave components. It sells its products to electronics companies for use as components in telecommunication, computer, audio, video, automotive electronics, and other electronic products. Murata Manufacturing Co., Ltd. is headquartered in Nagaokakyo, Japan. “

Separately, Jefferies Financial Group initiated coverage on shares of Murata Manufacturing in a report on Thursday, October 15th. They issued a “buy” rating for the company.

Shares of MRAAY opened at $24.39 on Tuesday. Murata Manufacturing has a one year low of $10.20 and a one year high of $24.97. The company has a 50-day moving average of $22.03 and a two-hundred day moving average of $17.71. The stock has a market cap of $65.93 billion, a price-to-earnings ratio of 38.71 and a beta of 0.91. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.72 and a quick ratio of 2.40.

About Murata Manufacturing

Murata Manufacturing Co, Ltd. designs, manufactures, and sells electronic components and related products in Japan and internationally. It operates through Components, Modules, and Others segments. 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 devices, matching devices, baluns, couplers, filters, phase shifters, RF switches, front-end modules, SAW components, connectors, antennas, connectivity modules, wireless connectivity platforms, ionizers/active oxygen modules, and digital panel meters.

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