TDK (OTCMKTS:TTDKY) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of TDK Corp. (OTCMKTS:TTDKYGet Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $13.73 and traded as high as $14.35. TDK shares last traded at $14.18, with a volume of 81,753 shares.

TDK Trading Up 2.9%

The stock has a market cap of $27.56 billion, a PE ratio of 27.27, a P/E/G ratio of 1.38 and a beta of 0.77. The business’s fifty day moving average is $13.73 and its 200 day moving average is $11.80. The company has a quick ratio of 1.27, a current ratio of 1.65 and a debt-to-equity ratio of 0.22.

TDK (OTCMKTS:TTDKYGet Free Report) last released its quarterly earnings data on Friday, August 1st. The technology company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. TDK had a net margin of 6.73% and a return on equity of 8.25%. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $529.65 billion. As a group, analysts predict that TDK Corp. will post 0.61 earnings per share for the current year.

About TDK

(Get Free Report)

TDK Corporation, together with its subsidiaries, engages in manufacture and sale of electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The company operates through Passive Components, Sensor Application Products, Magnetic Application Products, Energy Application Products, and Other segments.

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