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Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Down - Here's Why

Murata Manufacturing logo with Industrials background

Murata Manufacturing Inc. (OTCMKTS:MRAAY - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $7.33, but opened at $7.05. Murata Manufacturing shares last traded at $7.25, with a volume of 137,163 shares.

Murata Manufacturing Trading Down 1.4%

The stock has a market cap of $26.93 billion, a price-to-earnings ratio of 17.63 and a beta of 0.86. The stock's 50-day moving average is $7.22 and its 200-day moving average is $7.67.

Murata Manufacturing (OTCMKTS:MRAAY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.06 earnings per share (EPS) for the quarter. Murata Manufacturing had a return on equity of 9.06% and a net margin of 13.41%. The business had revenue of $2.70 billion for the quarter. On average, equities analysts predict that Murata Manufacturing Inc. will post 0.41 earnings per share for the current fiscal year.

About Murata Manufacturing

(Get Free Report)

Murata Manufacturing Co, Ltd. designs, manufactures, and sells ceramic-based passive electronic components and solutions in Japan and internationally. The company offers capacitors, inductors, noise suppression products/EMI suppression filters/ESD protection devices, resistors, thermistors, sensors, timing devices, quartz devices, sound components, power products, batteries, micro mechatronics, RFID product, baluns, couplers, filters, phase shifters, RF switches, front-end modules, SAW components, connectors, antennas, connectivity modules, wireless connectivity platforms, ionizers/active oxygen modules, and transformers.

Further Reading

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