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Murata Manufacturing (OTCMKTS:MRAAY) Shares Gap Down - What's Next?

Murata Manufacturing logo with Industrials background

Key Points

  • Murata Manufacturing's stock gapped down from $9.30 to $9.00 before trading opened, with a last traded price of $9.33.
  • The company reported $0.09 earnings per share (EPS) and a total revenue of $2.88 billion for the last quarter, with forecasts predicting a total EPS of 0.41 for the current year.
  • Murata Manufacturing holds a market capitalization of $34.49 billion and has a PE ratio of 23.74, indicating a relatively stable financial outlook.
  • Interested in Murata Manufacturing? Here are five stocks we like better.

Shares of Murata Manufacturing Inc. (OTCMKTS:MRAAY - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $9.30, but opened at $9.00. Murata Manufacturing shares last traded at $9.33, with a volume of 10,558 shares traded.

Murata Manufacturing Stock Performance

The company has a market cap of $34.49 billion, a PE ratio of 23.74 and a beta of 0.99. The stock has a 50 day moving average of $8.71 and a 200-day moving average of $7.74.

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

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