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

Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) hit a new 52-week low on Friday . The stock traded as low as $7.33 and last traded at $7.58, with a volume of 629569 shares. The stock had previously closed at $7.55.

Murata Manufacturing Stock Performance

The business has a 50-day simple moving average of $8.13 and a 200-day simple moving average of $9.34. The company has a market cap of $29.76 billion, a price-to-earnings ratio of 23.69 and a beta of 0.81.

Murata Manufacturing (OTCMKTS:MRAAY) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.11 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $2.94 billion. Research analysts anticipate that Murata Manufacturing Co., Ltd. will post 0.54 EPS 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.