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

Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY) gapped down prior to trading on Friday. The stock had previously closed at $27.15, but opened at $25.1421. Murata Manufacturing shares last traded at $25.10, with a volume of 32,517 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MRAAY shares. Citigroup upgraded shares of Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Sanford C. Bernstein began coverage on shares of Murata Manufacturing in a research note on Tuesday, September 15th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Murata Manufacturing Stock Down 2.7%

The stock has a 50 day moving average price of $24.19 and a 200 day moving average price of $23.34. The stock has a market capitalization of $91.85 billion, a price-to-earnings ratio of 53.45 and a beta of 1.66.

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly earnings data on Friday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Murata Manufacturing had a return on equity of 9.84% and a net margin of 13.86%.The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.97 billion. Murata Manufacturing has set its FY 2026 guidance at 0.583-0.583 EPS. Sell-side analysts forecast that Murata Manufacturing Inc. will post 0.69 earnings per share for the current fiscal year.

About Murata Manufacturing

Murata Manufacturing Co, Ltd. is a Japan-based manufacturer of electronic components and materials. The company develops and produces components used in smartphones, communications equipment, automobiles, computers, industrial systems, healthcare devices and other electronic products.

Its product portfolio includes multilayer ceramic capacitors, inductors, filters, resonators, sensors, timing devices, power-related components, batteries and wireless connectivity modules. Murata also provides component-related technologies and modules designed for applications such as radio-frequency communications, automotive electronics, Internet of Things devices and energy management.

Founded in Kyoto in 1944, Murata has expanded into a global business serving customers through manufacturing, research and development, sales and distribution operations across Japan, the Americas, Europe and Asia.