Murata Manufacturing (OTCMKTS:MRAAY) Sets New 1-Year Low – Here’s Why

Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $8.13 and last traded at $8.36, with a volume of 367693 shares trading hands. The stock had previously closed at $8.49.

Murata Manufacturing Stock Up 0.2 %

The company has a market cap of $31.66 billion, a PE ratio of 26.12 and a beta of 0.84. The firm has a fifty day simple moving average of $9.36 and a 200-day simple moving average of $9.82.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). Murata Manufacturing had a return on equity of 7.23% and a net margin of 10.80%. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $2.94 billion. Equities research analysts forecast that Murata Manufacturing Co., Ltd. will post 0.41 earnings per share for the current fiscal year.

Murata Manufacturing Company Profile

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.