Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Down – Time to Sell?

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $38.27, but opened at $32.80. Murata Manufacturing shares last traded at $33.36, with a volume of 18,912 shares.

Analyst Ratings Changes

Separately, Zacks Research raised Murata Manufacturing to a “hold” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Murata Manufacturing currently has an average rating of “Hold”.

Murata Manufacturing Price Performance

The stock has a market cap of $124.29 billion, a PE ratio of 80.93 and a beta of 1.59. The stock’s fifty day moving average is $22.78 and its 200-day moving average is $15.18.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $2.91 billion. On average, sell-side analysts expect that Murata Manufacturing Inc. will post 0.55 EPS for the current fiscal 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.