Murata Manufacturing (OTCMKTS:MRAAY) Sets New 52-Week Low – Here’s Why

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

Murata Manufacturing Price Performance

The company has a market capitalization of $31.13 billion, a price-to-earnings ratio of 24.91 and a beta of 0.81. The firm’s fifty day moving average price is $8.72 and its 200-day moving average price is $9.68.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its earnings results 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 firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $2.94 billion. On average, research analysts predict that Murata Manufacturing Co., Ltd. will post 0.54 earnings per share 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.