Murata Manufacturing (OTCMKTS:MRAAY) Trading Down 6.5% – Here’s What Happened

Murata Manufacturing Inc. (OTCMKTS:MRAAY) was down 6.5% on Friday . The stock traded as low as $33.28 and last traded at $33.35. 11,087 shares traded hands during trading, a decline of 98% from the average session volume of 548,182 shares. The stock had previously closed at $35.68.

Wall Street Analyst Weigh In

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

Murata Manufacturing Trading Down 5.2%

The company’s 50 day moving average price is $24.06 and its two-hundred day moving average price is $15.68. The firm has a market cap of $123.70 billion, a PE ratio of 80.55 and a beta of 1.59.

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

About Murata Manufacturing

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.