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

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $10.50, but opened at $10.19. Murata Manufacturing shares last traded at $10.5250, with a volume of 30,095 shares traded.

Murata Manufacturing Stock Performance

The company has a market capitalization of $38.72 billion, a price-to-earnings ratio of 24.63 and a beta of 0.92. The business’s 50-day simple moving average is $10.33 and its 200-day simple moving average is $9.26.

Murata Manufacturing (OTCMKTS:MRAAY) last posted its quarterly earnings results on Friday, October 31st. The company reported $0.15 earnings per share for the quarter. Murata Manufacturing had a net margin of 13.40% and a return on equity of 9.16%. The business had revenue of $3.30 billion during the quarter. On average, analysts forecast that Murata Manufacturing Inc. will post 0.41 earnings per share for the current 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.