Murata Manufacturing (OTCMKTS:MRAAY) Sets New 52-Week Low – Time to Sell?

Shares of Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $7.48 and last traded at $8.00, with a volume of 428276 shares traded. The stock had previously closed at $7.99.

Murata Manufacturing Stock Performance

The company has a 50 day simple moving average of $8.31 and a two-hundred day simple moving average of $9.50. The firm has a market cap of $31.41 billion, a PE ratio of 25.00 and a beta of 0.81.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.11 earnings per share 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 business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $2.94 billion. As a group, research 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.