Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report) shares gapped down before the market opened on Thursday. The stock had previously closed at $19.15, but opened at $15.61. Murata Manufacturing shares last traded at $15.18, with a volume of 116,528 shares changing hands.
Wall Street Analyst Weigh In
Separately, Sanford C. Bernstein assumed coverage on Murata Manufacturing in a research report on Tuesday, September 15th. They issued 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 issued a Hold rating to the stock. Based on data from MarketBeat, Murata Manufacturing currently has an average rating of “Buy”.
Check Out Our Latest Research Report on MRAAY
Murata Manufacturing Price Performance
The stock has a market capitalization of $53.17 billion, a PE ratio of 29.08 and a beta of 1.83. The company’s 50 day moving average price is $23.35 and its two-hundred day moving average price is $20.46.
Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last released its quarterly earnings data on Friday, October 30th. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. Murata Manufacturing had a return on equity of 10.44% and a net margin of 14.19%. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Analysts forecast that Murata Manufacturing Inc. will post 0.69 earnings per share for the current year.
About Murata Manufacturing
Murata Manufacturing Co, Ltd. is a Japanese electronic components manufacturer that develops and produces components, modules and devices used in a broad range of electronic equipment. Its product portfolio includes multilayer ceramic capacitors, inductors, filters, timing devices, sensors, wireless connectivity modules and power-related components.
The company’s products support applications in smartphones, computers, automobiles, industrial equipment, healthcare devices and other consumer and communications electronics.
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