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

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $26.03, but opened at $23.30. Murata Manufacturing shares last traded at $23.18, with a volume of 159,801 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Zacks Research upgraded shares of Murata Manufacturing to a “hold” rating in a report on Monday, April 27th. Citigroup upgraded shares of Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Murata Manufacturing Stock Down 11.6%

The stock has a 50 day simple moving average of $28.39 and a 200 day simple moving average of $19.93. The stock has a market cap of $84.10 billion, a price-to-earnings ratio of 48.94 and a beta of 1.60.

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly earnings data on Friday, July 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. Murata Manufacturing had a return on equity of 9.94% and a net margin of 13.86%.The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.97 billion. Murata Manufacturing has set its FY 2026 guidance at 0.583-0.583 EPS. Equities analysts expect that Murata Manufacturing Inc. will post 0.58 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.