Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Down – Should You Sell?

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s stock price gapped down prior to trading on Friday. The stock had previously closed at $21.70, but opened at $19.74. Murata Manufacturing shares last traded at $19.85, with a volume of 1,899,087 shares trading hands.

Analyst Ratings Changes

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

Murata Manufacturing Price Performance

The company has a market capitalization of $70.72 billion, a P/E ratio of 41.15 and a beta of 1.66. The company has a fifty day moving average price of $23.57 and a two-hundred day moving average price of $20.28.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its quarterly earnings data on Friday, October 30th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. Murata Manufacturing had a net margin of 13.86% and a return on equity of 9.84%. As a group, sell-side analysts forecast that Murata Manufacturing Inc. will post 0.69 earnings per share for the current year.

About Murata Manufacturing

Murata Manufacturing Co, Ltd. is a Japanese electronic components manufacturer that develops and produces components, modules and devices used in a broad range of electronic equipment. Its product portfolio includes multilayer ceramic capacitors, inductors, filters, timing devices, sensors, wireless connectivity modules and power-related components.

The company’s products support applications in smartphones, computers, automobiles, industrial equipment, healthcare devices and other consumer and communications electronics.