Murata Manufacturing (OTCMKTS:MRAAY) Shares Down 2.1% – Here’s What Happened

Shares of Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) were down 2.1% during trading on Thursday . The stock traded as low as $9.33 and last traded at $9.53. Approximately 116,197 shares were traded during trading, a decline of 59% from the average daily volume of 280,004 shares. The stock had previously closed at $9.73.

Murata Manufacturing Price Performance

The stock has a market cap of $36.01 billion, a P/E ratio of 28.88 and a beta of 0.84. The stock’s 50 day simple moving average is $9.90 and its two-hundred day simple moving average is $9.82.

Murata Manufacturing (OTCMKTS:MRAAY) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Murata Manufacturing had a net margin of 11.62% and a return on equity of 7.63%. As a group, analysts forecast that Murata Manufacturing Co., Ltd. will post 0.52 earnings per share for the current fiscal year.

About Murata Manufacturing

Murata Manufacturing Co, Ltd. designs, manufactures, and sells ceramic-based passive electronic components and solutions in Japan and internationally. It operates through Components, Devices and Modules, and Others segments. 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.