Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Down – Here’s Why

Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report) shares gapped down prior to trading on Thursday. The stock had previously closed at $17.30, but opened at $16.00. Murata Manufacturing shares last traded at $16.36, with a volume of 8,464,709 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein started coverage on shares of Murata Manufacturing in a report on Tuesday, September 15th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Murata Manufacturing currently has a consensus rating of “Buy”.

View Our Latest Stock Analysis on MRAAY

Murata Manufacturing Stock Performance

The company has a market cap of $60.70 billion, a price-to-earnings ratio of 33.20 and a beta of 1.83. The company has a fifty day moving average of $22.70 and a two-hundred day moving average of $20.60.

Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last issued its quarterly earnings data on Friday, October 30th. The company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.53 billion. Murata Manufacturing had a return on equity of 10.44% and a net margin of 14.19%. Equities analysts expect that Murata Manufacturing Inc. will post 0.69 EPS for the current fiscal year.

Murata Manufacturing Company Profile

(Get Free Report)

Murata Manufacturing Co., Ltd. is a Japan-based maker of electronic components and modules used in a wide range of devices and systems. Its products include ceramic capacitors, inductors, filters, sensors, communication modules and batteries. The company’s components support applications in smartphones and other communications equipment, computers, consumer electronics, vehicles, industrial systems and healthcare devices. Murata serves customers around the world through its international manufacturing and sales operations.

Further Reading

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