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

Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY) 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 upgraded shares of Murata Manufacturing to a “hold” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Murata Manufacturing Stock Down 8.9%

The firm has a market cap of $99.07 billion, a price-to-earnings ratio of 64.51 and a beta of 1.59. The stock has a fifty day moving average price of $18.97 and a 200-day moving average price of $13.73.

Murata Manufacturing (OTCMKTS:MRAAY) last announced its quarterly earnings data 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. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%.The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.91 billion. As a group, research analysts expect that Murata Manufacturing Inc. will post 0.51 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.