Murata Manufacturing (OTCMKTS:MRAAY) Announces Quarterly Earnings Results, Hits Expectations

Murata Manufacturing (OTCMKTS:MRAAY) posted its quarterly earnings data on Friday. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18, Zacks reports. Murata Manufacturing had a net margin of 13.86% and a return on equity of 9.84%.

Murata Manufacturing Trading Down 9.1%

Shares of OTCMKTS MRAAY traded down $1.97 during mid-day trading on Friday, reaching $19.73. The company had a trading volume of 2,384,614 shares, compared to its average volume of 642,904. The company has a 50-day moving average price of $23.57 and a two-hundred day moving average price of $20.28. The stock has a market cap of $72.14 billion, a PE ratio of 41.98 and a beta of 1.66. Murata Manufacturing has a 1-year low of $9.33 and a 1-year high of $38.72.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein assumed coverage on shares of 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 issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Murata Manufacturing has a consensus rating of “Buy”.

About Murata Manufacturing

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.