Murata Manufacturing (OTCMKTS:MRAAY) Updates FY 2024 Earnings Guidance

Murata Manufacturing (OTCMKTS:MRAAY) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 0.840-0.840 for the period. The company issued revenue guidance of $11.4 billion-$11.4 billion.

Murata Manufacturing Stock Down 2.5 %

OTCMKTS:MRAAY traded down $0.22 during mid-day trading on Monday, hitting $8.53. 463,600 shares of the stock traded hands, compared to its average volume of 280,774. The stock has a market capitalization of $32.23 billion, a price-to-earnings ratio of 24.37 and a beta of 0.84. Murata Manufacturing has a 52 week low of $8.25 and a 52 week high of $12.00. The firm’s 50 day moving average is $9.57 and its two-hundred day moving average is $9.84.

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.