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

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

Murata Manufacturing Price Performance

The firm’s 50 day moving average price is $8.13 and its two-hundred day moving average price is $9.34. The firm 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 data on Friday, November 1st. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $2.94 billion. Murata Manufacturing had a return on equity of 7.23% and a net margin of 10.80%. On average, analysts anticipate 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.