Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Down – Should You Sell?

Murata Manufacturing Inc. (OTCMKTS:MRAAY) shares gapped down before the market opened on Thursday. The stock had previously closed at $17.30, but opened at $16.00. Murata Manufacturing shares last traded at $16.36, with a volume of 8,464,709 shares traded.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein started coverage on shares of Murata Manufacturing in a research report on Tuesday, September 15th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Murata Manufacturing currently has an average rating of “Buy”.

Murata Manufacturing Trading Down 4.0%

The firm has a market capitalization of $60.70 billion, a P/E ratio of 33.20 and a beta of 1.83. The company has a 50-day moving average of $22.70 and a 200-day moving average of $20.60.

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly earnings results on Friday, October 30th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. Murata Manufacturing had a return on equity of 10.44% and a net margin of 14.19%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.53 billion. Research analysts predict that Murata Manufacturing Inc. will post 0.69 EPS for the current year.

Murata Manufacturing Company Profile

Murata Manufacturing Co., Ltd. is a Japan-based maker of electronic components and modules used in a wide range of devices and systems. Its products include ceramic capacitors, inductors, filters, sensors, communication modules and batteries. The company’s components support applications in smartphones and other communications equipment, computers, consumer electronics, vehicles, industrial systems and healthcare devices. Murata serves customers around the world through its international manufacturing and sales operations.