Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Down - Time to Sell?

Key Points

• Murata Manufacturing shares gapped down from $9.37 to $8.97 at market open, highlighting a significant movement in the stock's value.
• The company reported a quarterly revenue of $2.88 billion, with earnings per share (EPS) recorded at $0.09.
• Murata Manufacturing has a market cap of $34.75 billion and a P/E ratio of 23.92, indicating its valuation metrics in the market.

Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $9.37, but opened at $8.97. Murata Manufacturing shares last traded at $9.35, with a volume of 4,764 shares traded.

Murata Manufacturing Trading Down 0.4%

The company has a market cap of $34.75 billion, a P/E ratio of 23.92 and a beta of 0.90. The stock's 50-day moving average price is $8.23 and its 200-day moving average price is $7.63.

Murata Manufacturing (OTCMKTS:MRAAY - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter. Murata Manufacturing had a net margin of 12.51% and a return on equity of 8.51%. The company had revenue of $2.88 billion for the quarter. On average, research analysts anticipate that Murata Manufacturing Inc. will post 0.41 earnings per share for the current fiscal year.

Murata Manufacturing Company Profile

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.

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