Murata Manufacturing (OTCMKTS:MRAAY) Trading Down 4.8% – Time to Sell?

Murata Manufacturing Inc. (OTCMKTS:MRAAY) shares dropped 4.8% during mid-day trading on Thursday . The company traded as low as $27.83 and last traded at $28.3150. Approximately 79,198 shares were traded during trading, a decline of 84% from the average daily volume of 501,071 shares. The stock had previously closed at $29.73.

Analyst Ratings Changes

Separately, Zacks Research upgraded Murata Manufacturing to a “hold” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Murata Manufacturing Stock Up 4.1%

The business has a 50-day simple moving average of $19.29 and a two-hundred day simple moving average of $13.85. The stock has a market capitalization of $103.12 billion, a P/E ratio of 67.14 and a beta of 1.59.

Murata Manufacturing (OTCMKTS:MRAAY) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%.The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.91 billion. On average, sell-side analysts forecast that Murata Manufacturing Inc. will post 0.51 earnings per share for the current year.

About Murata Manufacturing

Murata Manufacturing Co, Ltd. is a Japan-based manufacturer of electronic components and modules, best known for its development and production of ceramic components. Founded in 1944 by Akira Murata and headquartered in Nagaokakyo, Kyoto Prefecture, the company has grown into a leading global supplier of multilayer ceramic capacitors (MLCCs), ceramic resonators, and a broad range of passive and active electronic parts used across consumer, industrial and automotive electronics.

The company’s product portfolio encompasses passive components (such as capacitors, inductors and filters), sensors and sensing modules, power modules, and RF/wireless communication modules.