Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Down – Should You Sell?

Murata Manufacturing Inc. (OTCMKTS:MRAAY) shares gapped down prior to trading on Thursday. The stock had previously closed at $23.12, but opened at $21.21. Murata Manufacturing shares last traded at $21.26, with a volume of 53,901 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MRAAY shares. Sanford C. Bernstein began coverage on Murata Manufacturing in a research note on Tuesday, September 15th. They issued an “outperform” rating for the company. Citigroup upgraded Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Murata Manufacturing Stock Down 3.3%

The business’s 50 day simple moving average is $24.16 and its 200 day simple moving average is $23.76. The stock has a market cap of $77.37 billion, a price-to-earnings ratio of 45.02 and a beta of 1.66.

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly earnings data on Friday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Murata Manufacturing had a return on equity of 9.84% and a net margin of 13.86%. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Murata Manufacturing has set its FY 2026 guidance at 0.583-0.583 EPS. Equities research analysts forecast that Murata Manufacturing Inc. will post 0.69 earnings per share for the current fiscal year.

About Murata Manufacturing

Murata Manufacturing Co, Ltd. is a Japan-based manufacturer of electronic components and materials. The company develops and produces components used in smartphones, communications equipment, automobiles, computers, industrial systems, healthcare devices and other electronic products.

Its product portfolio includes multilayer ceramic capacitors, inductors, filters, resonators, sensors, timing devices, power-related components, batteries and wireless connectivity modules. Murata also provides component-related technologies and modules designed for applications such as radio-frequency communications, automotive electronics, Internet of Things devices and energy management.

Founded in Kyoto in 1944, Murata has expanded into a global business serving customers through manufacturing, research and development, sales and distribution operations across Japan, the Americas, Europe and Asia.