Murata Manufacturing (OTCMKTS:MRAAY) Shares Down 6.1% – Should You Sell?

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s share price fell 6.1% during mid-day trading on Thursday . The stock traded as low as $30.05 and last traded at $30.2404. 293,559 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 474,569 shares. The stock had previously closed at $32.20.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Murata Manufacturing to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Murata Manufacturing Trading Down 3.2%

The stock has a 50 day moving average price of $17.50 and a two-hundred day moving average price of $13.17. The company has a market cap of $113.98 billion, a price-to-earnings ratio of 74.22 and a beta of 1.59.

Murata Manufacturing (OTCMKTS:MRAAY) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.91 billion. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%. On average, equities analysts forecast that Murata Manufacturing Inc. will post 0.51 EPS for the current fiscal year.

About Murata Manufacturing

Murata Manufacturing Co, Ltd. is a Japan-based manufacturer of electronic components and modules, best known for its development and production of ceramic components. Founded in 1944 by Akira Murata and headquartered in Nagaokakyo, Kyoto Prefecture, the company has grown into a leading global supplier of multilayer ceramic capacitors (MLCCs), ceramic resonators, and a broad range of passive and active electronic parts used across consumer, industrial and automotive electronics.

The company’s product portfolio encompasses passive components (such as capacitors, inductors and filters), sensors and sensing modules, power modules, and RF/wireless communication modules.