Murata Manufacturing (OTCMKTS:MRAAY) Shares Down 6.1% – Here’s Why

Murata Manufacturing Inc. (OTCMKTS:MRAAY) was down 6.1% on Thursday . The company traded as low as $30.05 and last traded at $30.2404. Approximately 293,559 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 474,569 shares. The stock had previously closed at $32.20.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Murata Manufacturing to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Murata Manufacturing presently has a consensus rating of “Hold”.

Murata Manufacturing Trading Down 8.0%

The stock’s 50 day moving average price is $18.25 and its 200 day moving average price is $13.42. The company has a market capitalization of $105.31 billion, a price-to-earnings ratio of 68.57 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 analysts’ consensus estimates of $0.10 by $0.03. Murata Manufacturing had a net margin of 12.80% and a return on equity of 8.97%. The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.91 billion. On average, research analysts expect that Murata Manufacturing Inc. will post 0.51 earnings per share for the current year.

Murata Manufacturing Company Profile

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.