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

Murata Manufacturing Inc. (OTCMKTS:MRAAY) gapped down before the market opened on Friday. The stock had previously closed at $21.70, but opened at $19.74. Murata Manufacturing shares last traded at $19.85, with a volume of 1,899,087 shares.

Analyst Ratings Changes

Separately, Sanford C. Bernstein began coverage on shares of Murata Manufacturing in a report on Tuesday, September 15th. They set an “outperform” rating for the company. One equities research 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 company. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Murata Manufacturing Trading Down 10.9%

The firm has a market cap of $70.72 billion, a PE ratio of 41.15 and a beta of 1.66. The firm has a fifty day simple moving average of $23.57 and a two-hundred day simple moving average of $20.28.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its earnings results on Friday, October 30th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. Murata Manufacturing had a return on equity of 9.84% and a net margin of 13.86%. Equities analysts expect that Murata Manufacturing Inc. will post 0.69 earnings per share for the current fiscal year.

Murata Manufacturing Company Profile

Murata Manufacturing Co, Ltd. is a Japanese electronic components manufacturer that develops and produces components, modules and devices used in a broad range of electronic equipment. Its product portfolio includes multilayer ceramic capacitors, inductors, filters, timing devices, sensors, wireless connectivity modules and power-related components.

The company’s products support applications in smartphones, computers, automobiles, industrial equipment, healthcare devices and other consumer and communications electronics.