Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Down – Here’s What Happened

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $10.78, but opened at $10.23. Murata Manufacturing shares last traded at $10.50, with a volume of 1,175 shares traded.

Murata Manufacturing Price Performance

The stock has a fifty day moving average of $10.07 and a 200 day moving average of $8.67. The firm has a market capitalization of $39.00 billion, a P/E ratio of 24.35 and a beta of 0.93.

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

About Murata Manufacturing

Murata Manufacturing Co, Ltd. designs, manufactures, and sells ceramic-based passive electronic components and solutions in Japan and internationally. The company offers capacitors, inductors, noise suppression products/EMI suppression filters/ESD protection devices, resistors, thermistors, sensors, timing devices, quartz devices, sound components, power products, batteries, micro mechatronics, RFID product, baluns, couplers, filters, phase shifters, RF switches, front-end modules, SAW components, connectors, antennas, connectivity modules, wireless connectivity platforms, ionizers/active oxygen modules, and transformers.