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

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $24.24, but opened at $21.62. Murata Manufacturing shares last traded at $21.55, with a volume of 63,916 shares trading hands.

Analyst Ratings Changes

Several brokerages recently issued reports on MRAAY. Zacks Research raised Murata Manufacturing to a “hold” rating in a report on Monday, April 27th. Citigroup upgraded Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Murata Manufacturing presently has a consensus rating of “Buy”.

Murata Manufacturing Stock Down 9.9%

The business has a 50-day simple moving average of $29.40 and a two-hundred day simple moving average of $18.55. The stock has a market capitalization of $79.89 billion, a price-to-earnings ratio of 52.02 and a beta of 1.57.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Murata Manufacturing had a net margin of 12.80% and a return on equity of 8.97%. On average, analysts forecast that Murata Manufacturing Inc. will post 0.55 EPS 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.