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

TDK Corp. (OTCMKTS:TTDKY – Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $18.67, but opened at $18.01. TDK shares last traded at $18.2325, with a volume of 18,679 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of TDK from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, TDK has a consensus rating of “Buy”.

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Read Our Latest Stock Analysis on TDK

TDK Stock Performance

The stock has a market cap of $35.38 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 1.18 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.47 and a quick ratio of 1.11. The stock’s 50-day moving average is $19.87 and its 200-day moving average is $18.31.

TDK Company Profile

(Get Free Report)

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.

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