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

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s stock price gapped down prior to trading 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.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. 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 research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Murata Manufacturing Stock Performance

The firm has a market capitalization of $69.55 billion, a PE ratio of 45.29 and a beta of 1.57. The business’s 50 day moving average is $29.42 and its two-hundred day moving average is $18.69.

Murata Manufacturing (OTCMKTS:MRAAY) last posted its earnings results on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%.The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.91 billion. As a group, equities research analysts predict that Murata Manufacturing Inc. will post 0.55 EPS for the current year.

About Murata Manufacturing

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.