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

Murata Manufacturing Inc. (OTCMKTS:MRAAY) shares gapped down before the market opened on Monday . The stock had previously closed at $10.28, but opened at $9.92. Murata Manufacturing shares last traded at $10.1450, with a volume of 133,112 shares traded.

Murata Manufacturing Stock Performance

The firm has a market cap of $37.11 billion, a price-to-earnings ratio of 23.60 and a beta of 0.93. The firm has a 50-day moving average price of $10.15 and a two-hundred day moving average price of $8.77.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.15 earnings per share for the quarter. The firm had revenue of $3.30 billion during the quarter. Murata Manufacturing had a return on equity of 9.16% and a net margin of 13.40%. Research analysts anticipate that Murata Manufacturing Inc. will post 0.41 earnings per share for the current 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.