Murata Manufacturing (OTCMKTS:MRAAY) Trading Down 4.8% – Time to Sell?

Murata Manufacturing Inc. (OTCMKTS:MRAAY) traded down 4.8% during trading on Thursday . The stock traded as low as $27.83 and last traded at $28.3150. 79,198 shares were traded during mid-day trading, a decline of 84% from the average session volume of 501,071 shares. The stock had previously closed at $29.73.

Wall Street Analysts Forecast Growth

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

Murata Manufacturing Stock Up 4.1%

The firm has a market capitalization of $103.12 billion, a P/E ratio of 67.14 and a beta of 1.59. The business has a 50-day moving average price of $19.29 and a 200-day moving average price of $13.85.

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $2.94 billion for 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%. As a group, sell-side analysts forecast that Murata Manufacturing Inc. will post 0.51 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.