Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Down – Time to Sell?

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s stock 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 traded.

Analyst Ratings Changes

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

Murata Manufacturing Price Performance

The stock has a market capitalization of $99.07 billion, a PE ratio of 64.51 and a beta of 1.59. The stock’s 50 day simple moving average is $18.97 and its two-hundred day simple moving average is $13.73.

Murata Manufacturing (OTCMKTS:MRAAY) last released its earnings results on Thursday, April 30th. The company reported $0.13 earnings per share for the quarter, beating 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 net margin of 12.80% and a return on equity of 8.97%. As a group, equities research analysts predict that Murata Manufacturing Inc. will post 0.51 earnings per share 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.