Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Down – What’s Next?

Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY) gapped down before the market opened on Thursday. The stock had previously closed at $23.12, but opened at $21.21. Murata Manufacturing shares last traded at $21.26, with a volume of 53,901 shares.

Analyst Upgrades and Downgrades

MRAAY has been the topic of a number of recent research reports. Sanford C. Bernstein began coverage on shares of Murata Manufacturing in a report on Tuesday, September 15th. They issued an “outperform” rating on the stock. Citigroup upgraded shares of Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Murata Manufacturing has a consensus rating of “Buy”.

Murata Manufacturing Trading Down 6.7%

The firm has a market capitalization of $78.91 billion, a P/E ratio of 45.92 and a beta of 1.66. The stock has a 50 day simple moving average of $24.23 and a 200-day simple moving average of $23.71.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Murata Manufacturing had a net margin of 13.86% and a return on equity of 9.84%. Murata Manufacturing has set its FY 2026 guidance at 0.583-0.583 EPS. As a group, sell-side analysts expect 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.