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 Monday . The stock had previously closed at $10.58, but opened at $10.21. Murata Manufacturing shares last traded at $10.4230, with a volume of 63,042 shares changing hands.

Murata Manufacturing Stock Performance

The company has a 50-day simple moving average of $9.37 and a two-hundred day simple moving average of $8.12. The firm has a market capitalization of $38.87 billion, a P/E ratio of 26.76 and a beta of 1.04.

Murata Manufacturing (OTCMKTS:MRAAY) last released its earnings results on Friday, October 31st. The company reported $0.15 EPS for the quarter. Murata Manufacturing had a return on equity of 8.51% and a net margin of 12.51%.The company had revenue of $3.30 billion during the quarter. As a group, research analysts forecast that Murata Manufacturing Inc. will post 0.41 earnings per share for the current fiscal year.

About Murata Manufacturing

Murata Manufacturing Co, Ltd. designs, manufactures, and sells ceramic-based passive electronic components and solutions in Japan and internationally. The company offers capacitors, inductors, noise suppression products/EMI suppression filters/ESD protection devices, resistors, thermistors, sensors, timing devices, quartz devices, sound components, power products, batteries, micro mechatronics, RFID product, baluns, couplers, filters, phase shifters, RF switches, front-end modules, SAW components, connectors, antennas, connectivity modules, wireless connectivity platforms, ionizers/active oxygen modules, and transformers.