Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $19.15, but opened at $15.61. Murata Manufacturing shares last traded at $15.18, with a volume of 116,528 shares.
Analyst Ratings Changes
Separately, Sanford C. Bernstein began coverage on shares of Murata Manufacturing in a research note on Tuesday, September 15th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.
Get Our Latest Report on MRAAY
Murata Manufacturing Stock Up 11.1%
The company’s fifty day moving average price is $23.04 and its two-hundred day moving average price is $20.50. The company has a market cap of $57.55 billion, a price-to-earnings ratio of 31.48 and a beta of 1.83.
Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last issued its quarterly earnings data on Friday, October 30th. The company reported $0.18 EPS 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 net margin of 14.19% and a return on equity of 10.44%. On average, equities research analysts predict that Murata Manufacturing Inc. will post 0.69 earnings per share for the current fiscal year.
About Murata Manufacturing
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.
Founded by Akira Murata in Kyoto in 1944, the company has grown from a maker of ceramic components into a global electronics supplier.
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