Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Down – Here’s What Happened

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s share price gapped down prior to trading on Wednesday. The stock had previously closed at $26.08, but opened at $25.24. Murata Manufacturing shares last traded at $25.1250, with a volume of 29,591 shares.

Analysts Set New Price Targets

Several equities analysts have issued reports on MRAAY shares. Sanford C. Bernstein assumed coverage on shares of Murata Manufacturing in a report on Tuesday, September 15th. They issued an “outperform” rating on the stock. Citigroup upgraded Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Murata Manufacturing currently has a consensus rating of “Buy”.

Murata Manufacturing Stock Down 3.8%

The firm has a market capitalization of $91.73 billion, a price-to-earnings ratio of 53.37 and a beta of 1.60. The company’s 50 day moving average price is $23.71 and its 200 day moving average price is $22.59.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its earnings results on Friday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $2.97 billion. Murata Manufacturing had a return on equity of 9.84% and a net margin of 13.86%.Murata Manufacturing has set its FY 2026 guidance at 0.583-0.583 EPS. As a group, analysts expect that Murata Manufacturing Inc. will post 0.69 earnings per share for the current year.

Murata Manufacturing Company Profile

Murata Manufacturing Co, Ltd. is a Japan-based manufacturer of electronic components and materials. The company develops and produces components used in smartphones, communications equipment, automobiles, computers, industrial systems, healthcare devices and other electronic products.

Its product portfolio includes multilayer ceramic capacitors, inductors, filters, resonators, sensors, timing devices, power-related components, batteries and wireless connectivity modules. Murata also provides component-related technologies and modules designed for applications such as radio-frequency communications, automotive electronics, Internet of Things devices and energy management.

Founded in Kyoto in 1944, Murata has expanded into a global business serving customers through manufacturing, research and development, sales and distribution operations across Japan, the Americas, Europe and Asia.