Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report)’s stock price gapped down before the market opened on Thursday. The stock had previously closed at $19.15, but opened at $15.61. Murata Manufacturing shares last traded at $15.18, with a volume of 116,528 shares traded.
Analyst Ratings Changes
Separately, Sanford C. Bernstein initiated coverage on shares of Murata Manufacturing in a research report on Tuesday, September 15th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.
Check Out Our Latest Analysis on Murata Manufacturing
Murata Manufacturing Stock Down 24.1%
The company has a market cap of $53.17 billion, a PE ratio of 29.08 and a beta of 1.83. The stock’s 50 day simple moving average is $23.35 and its two-hundred day simple moving average is $20.46.
Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.53 billion. Murata Manufacturing had a net margin of 14.19% and a return on equity of 10.44%. Analysts forecast that Murata Manufacturing Inc. will post 0.69 EPS for the current year.
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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