Murata Manufacturing (OTCMKTS:MRAAY) Trading Down 8.4% – Time to Sell?

Murata Manufacturing Inc. (OTCMKTS:MRAAY)’s share price fell 8.4% during trading on Thursday . The stock traded as low as $25.11 and last traded at $25.15. 109,066 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 576,319 shares. The stock had previously closed at $27.45.

Wall Street Analysts Forecast Growth

MRAAY has been the topic of a number of recent research reports. Citigroup raised Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Zacks Research upgraded shares of Murata Manufacturing to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Murata Manufacturing Stock Down 9.3%

The company has a fifty day moving average price of $28.51 and a 200 day moving average price of $17.74. The stock has a market cap of $91.05 billion, a PE ratio of 59.29 and a beta of 1.57.

Murata Manufacturing (OTCMKTS:MRAAY) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Murata Manufacturing had a net margin of 12.80% and a return on equity of 8.97%. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.91 billion. As a group, research analysts predict that Murata Manufacturing Inc. will post 0.55 earnings per share 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.