Murata Manufacturing (OTCMKTS:MRAAY) Reaches New 1-Year Low – Here’s What Happened

Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $7.77 and last traded at $7.93, with a volume of 603479 shares traded. The stock had previously closed at $7.97.

Murata Manufacturing Price Performance

The firm has a 50-day moving average of $8.61 and a 200 day moving average of $9.64. The stock has a market capitalization of $30.09 billion, a price-to-earnings ratio of 23.95 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 return on equity of 7.23% and a net margin of 10.80%. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.94 billion. On average, equities analysts forecast that Murata Manufacturing Co., Ltd. will post 0.54 earnings per share for the current 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.