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

Murata Manufacturing Inc. (OTCMKTS:MRAAY) gapped down before the market opened on Wednesday. The stock had previously closed at $26.08, but opened at $25.24. Murata Manufacturing shares last traded at $25.1250, with a volume of 29,591 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Sanford C. Bernstein began coverage on Murata Manufacturing in a report on Tuesday, September 15th. They issued an “outperform” rating for the company. Citigroup upgraded shares of Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Murata Manufacturing Stock Down 3.8%

The firm has a market cap of $91.73 billion, a price-to-earnings ratio of 53.37 and a beta of 1.60. The company’s 50-day moving average price is $23.71 and its 200-day moving average price is $22.59.

Murata Manufacturing (OTCMKTS:MRAAY) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.97 billion. Murata Manufacturing had a return on equity of 9.84% and a net margin of 13.86%.Murata Manufacturing has set its FY 2026 guidance at 0.583-0.583 EPS. On average, 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 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.