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

Key Points

• Murata Manufacturing Inc. shares gapped down significantly from a previous close of $9.79 to open at $9.22 and last traded at $9.50.
• The company reported a net revenue of $2.88 billion for the last quarter, with earnings per share (EPS) of $0.09.
• Murata Manufacturing has a market cap of $35.31 billion and a P/E ratio of 24.31, indicating a stable but potentially overvalued stock given current earnings performance.

Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $9.79, but opened at $9.22. Murata Manufacturing shares last traded at $9.50, with a volume of 38,478 shares traded.

Murata Manufacturing Price Performance

The company's 50-day moving average price is $8.48 and its 200-day moving average price is $7.68. The company has a market cap of $35.31 billion, a P/E ratio of 24.31 and a beta of 0.99.

Murata Manufacturing (OTCMKTS:MRAAY - Get Free Report) last issued 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 during the quarter. On average, equities research analysts predict that Murata Manufacturing Inc. will post 0.41 EPS for the current 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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