Murata Manufacturing (OTCMKTS:MRAAY) Stock Price Down 11.3% – Time to Sell?

Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY) traded down 11.3% on Tuesday . The stock traded as low as $27.78 and last traded at $28.2320. Approximately 104,327 shares traded hands during trading, a decline of 81% from the average daily volume of 560,755 shares. The stock had previously closed at $31.82.

Wall Street Analyst Weigh In

MRAAY has been the topic of several research analyst reports. Zacks Research upgraded Murata Manufacturing to a “hold” rating in a report on Monday, April 27th. Citigroup raised Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy”.

Murata Manufacturing Trading Down 11.8%

The firm has a fifty day moving average price of $26.40 and a 200 day moving average price of $16.68. The firm has a market cap of $102.57 billion, a PE ratio of 66.79 and a beta of 1.57.

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