Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) issued its quarterly earnings data on Friday. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18, Zacks reports. Murata Manufacturing had a return on equity of 9.84% and a net margin of 13.86%.
Murata Manufacturing Stock Down 9.1%
OTCMKTS:MRAAY traded down $1.97 during mid-day trading on Friday, hitting $19.73. 2,384,614 shares of the company traded hands, compared to its average volume of 642,904. The stock’s fifty day moving average price is $23.57 and its 200-day moving average price is $20.28. Murata Manufacturing has a one year low of $9.33 and a one year high of $38.72. The firm has a market cap of $72.14 billion, a price-to-earnings ratio of 41.98 and a beta of 1.66.
Analyst Upgrades and Downgrades
Separately, Sanford C. Bernstein assumed coverage on shares of Murata Manufacturing in a research report on Tuesday, September 15th. They set an “outperform” rating for the company. One research 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.
Check Out Our Latest Report on Murata Manufacturing
Murata Manufacturing Company Profile
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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