TDK (OTCMKTS:TTDKY) Shares Gap Down – Time to Sell?

TDK Corp. (OTCMKTS:TTDKY) shares gapped down before the market opened on Thursday . The stock had previously closed at $12.68, but opened at $12.33. TDK shares last traded at $12.73, with a volume of 38,689 shares trading hands.

TDK Price Performance

The stock has a market cap of $24.69 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 1.03 and a beta of 0.77. The company has a quick ratio of 1.22, a current ratio of 1.56 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average is $14.72 and its 200-day moving average is $14.20.

TDK (OTCMKTS:TTDKY) last issued its earnings results on Friday, October 31st. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. TDK had a return on equity of 9.32% and a net margin of 7.55%.The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $3.97 billion. Equities research analysts expect that TDK Corp. will post 0.61 earnings per share for the current fiscal year.

TDK Company Profile

TDK Corporation, founded in Japan in 1935, is a multinational electronics company that develops, manufactures and sells a broad range of electronic materials, components and systems. The company traces its origins to work on ferrite materials for magnetic applications and has since expanded into multiple product lines that serve the electronics industry worldwide. TDK is headquartered in Tokyo and operates through a network of manufacturing, research and sales facilities across Asia, Europe and the Americas.

TDK’s product portfolio includes passive components such as multilayer ceramic capacitors (MLCCs), film capacitors, inductors and ferrite cores; magnetic heads and related magnetic materials; sensor and sensor systems including MEMS-based motion sensors and other sensing devices; and power electronics including power supplies and modules.