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

Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $8.13 and last traded at $8.36, with a volume of 367693 shares changing hands. The stock had previously closed at $8.49.

Murata Manufacturing Stock Performance

The stock’s 50-day moving average price is $9.39 and its 200-day moving average price is $9.83. The company has a market capitalization of $31.59 billion, a price-to-earnings ratio of 26.53 and a beta of 0.84.

Murata Manufacturing (OTCMKTS:MRAAY) last posted its earnings results on Friday, November 1st. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Murata Manufacturing had a return on equity of 7.23% and a net margin of 10.80%. Analysts anticipate that Murata Manufacturing Co., Ltd. will post 0.41 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.