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

Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY) gapped down before the market opened on Tuesday . The stock had previously closed at $24.24, but opened at $21.62. Murata Manufacturing shares last traded at $21.55, with a volume of 63,916 shares traded.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Zacks Research raised Murata Manufacturing to a “hold” rating in a research report on Monday, April 27th. Citigroup raised Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Murata Manufacturing Stock Performance

The company has a market cap of $79.89 billion, a price-to-earnings ratio of 52.02 and a beta of 1.57. The company’s 50 day moving average price is $29.40 and its 200 day moving average price is $18.55.

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.91 billion. Murata Manufacturing had a net margin of 12.80% and a return on equity of 8.97%. On average, equities research analysts forecast that Murata Manufacturing Inc. will post 0.55 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.