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 Wednesday . The stock had previously closed at $29.73, but opened at $26.73. Murata Manufacturing shares last traded at $27.23, with a volume of 255,343 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Murata Manufacturing to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Murata Manufacturing has an average rating of “Hold”.

Murata Manufacturing Stock Up 7.8%

The business has a fifty day moving average of $19.65 and a 200 day moving average of $13.99. The firm has a market cap of $106.77 billion, a P/E ratio of 69.53 and a beta of 1.59.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its earnings results on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $2.94 billion for 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%. On average, sell-side analysts expect that Murata Manufacturing Inc. will post 0.51 EPS for the current fiscal 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.