Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report)’s share price dropped 4.8% during trading on Thursday . The stock traded as low as $27.83 and last traded at $28.3150. Approximately 79,198 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 501,071 shares. The stock had previously closed at $29.73.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded Murata Manufacturing to a “hold” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
View Our Latest Analysis on MRAAY
Murata Manufacturing Stock Down 6.4%
Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%.The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.91 billion. As a group, research analysts expect that Murata Manufacturing Inc. will post 0.51 earnings per share for the current fiscal year.
Murata Manufacturing Company Profile
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.
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