Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Down – What’s Next?

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $38.27, but opened at $32.80. Murata Manufacturing shares last traded at $33.36, with a volume of 18,912 shares trading hands.

Wall Street Analyst Weigh In

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

Murata Manufacturing Trading Down 11.2%

The company has a market capitalization of $124.29 billion, a price-to-earnings ratio of 80.93 and a beta of 1.59. The company has a fifty day moving average of $22.78 and a 200-day moving average of $15.18.

Murata Manufacturing (OTCMKTS:MRAAY) last announced its earnings results on Thursday, April 30th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%. As a group, equities research analysts expect that Murata Manufacturing Inc. will post 0.55 EPS for the current year.

Murata Manufacturing Company Profile

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.