Murata Manufacturing (OTCMKTS:MRAAY) Stock Falls 8% – Should You Sell?

Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY) dropped 8% during mid-day trading on Monday. The company traded as low as $19.84 and last traded at $19.96. Approximately 5,181,455 shares changed hands during trading, an increase of 705% from the average session volume of 643,608 shares. The stock had previously closed at $21.70.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein began coverage on Murata Manufacturing in a research note on Tuesday, September 15th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Murata Manufacturing Price Performance

The firm has a market capitalization of $72.07 billion, a P/E ratio of 39.36 and a beta of 1.83. The firm has a 50-day moving average price of $23.41 and a two-hundred day moving average price of $20.42.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its earnings results on Friday, October 30th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.53 billion. Murata Manufacturing had a net margin of 14.19% and a return on equity of 10.44%. Sell-side analysts predict that Murata Manufacturing Inc. will post 0.69 earnings per share for the current fiscal year.

Murata Manufacturing Company Profile

Murata Manufacturing Co, Ltd. is a Japanese electronic components manufacturer that develops and produces components, modules and devices used in a broad range of electronic equipment. Its product portfolio includes multilayer ceramic capacitors, inductors, filters, timing devices, sensors, wireless connectivity modules and power-related components.

The company’s products support applications in smartphones, computers, automobiles, industrial equipment, healthcare devices and other consumer and communications electronics.