Murata Manufacturing (OTCMKTS:MRAAY) Shares Down 6.5% – What’s Next?

Murata Manufacturing Inc. (OTCMKTS:MRAAY) shares fell 6.5% during trading on Friday . The stock traded as low as $33.28 and last traded at $33.35. 11,087 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 548,182 shares. The stock had previously closed at $35.68.

Analysts Set New Price Targets

Separately, Zacks Research raised Murata Manufacturing to a “hold” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Murata Manufacturing currently has an average rating of “Hold”.

Murata Manufacturing Stock Down 5.4%

The firm has a fifty day moving average of $24.45 and a 200-day moving average of $15.81. The firm has a market cap of $123.41 billion, a P/E ratio of 80.36 and a beta of 1.59.

Murata Manufacturing (OTCMKTS:MRAAY) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%. Sell-side analysts anticipate that Murata Manufacturing Inc. will post 0.55 EPS 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.