Murata Manufacturing (OTCMKTS:MRAAY) Hits New 52-Week Low – What’s Next?

Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $8.00 and last traded at $8.29, with a volume of 535044 shares trading hands. The stock had previously closed at $8.25.

Murata Manufacturing Trading Down 1.5 %

The firm’s 50 day moving average price is $8.78 and its 200-day moving average price is $9.70. The company has a market cap of $31.64 billion, a P/E ratio of 25.56 and a beta of 0.81.

Murata Manufacturing (OTCMKTS:MRAAY) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). Murata Manufacturing had a net margin of 10.80% and a return on equity of 7.23%. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $2.94 billion. Analysts predict that Murata Manufacturing Co., Ltd. will post 0.54 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. 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.