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

Murata Manufacturing Inc. (OTCMKTS:MRAAY) gapped down before the market opened 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 trading hands.

Wall Street Analyst Weigh In

MRAAY has been the topic of a number of research reports. Sanford C. Bernstein assumed coverage on shares of Murata Manufacturing in a report on Tuesday, September 15th. They set an “outperform” rating on the stock. Citigroup raised Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Murata Manufacturing Trading Down 6.7%

The firm has a 50 day moving average price of $24.23 and a 200-day moving average price of $23.71. The firm has a market cap of $78.91 billion, a price-to-earnings ratio of 45.92 and a beta of 1.66.

Murata Manufacturing (OTCMKTS:MRAAY) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations 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. As a group, equities analysts expect 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.