TDK Corp. (OTCMKTS:TTDKY – Get Free Report)’s share price gapped down before the market opened on Friday. The stock had previously closed at $15.73, but opened at $13.40. TDK shares last traded at $13.6250, with a volume of 60,796 shares.
Analysts Set New Price Targets
Separately, Zacks Research raised TDK from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy”.
View Our Latest Stock Analysis on TDK
TDK Price Performance
The firm has a market cap of $26.55 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 0.81 and a beta of 1.42. 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 firm’s 50 day moving average is $18.55 and its 200 day moving average is $17.93.
TDK (OTCMKTS:TTDKY – Get Free Report) last released its earnings results on Friday, October 30th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.05. TDK had a net margin of 8.27% and a return on equity of 9.86%. The firm had revenue of $5.19 billion during the quarter, compared to analyst estimates of $5.11 billion. As a group, analysts anticipate that TDK Corp. will post 0.91 earnings per share for the current year.
About TDK
TDK Corporation is a Japanese electronics company that develops and manufactures electronic components, materials and systems for consumer electronics, automotive, communications, industrial and energy-related applications. The company’s products include passive components such as capacitors and inductors, magnetic materials and components, sensors, power supplies, electronic modules and rechargeable batteries.
TDK is also active in energy storage through its lithium-ion and other battery technologies, which are used in mobile devices, electric vehicles, industrial equipment and energy-storage applications.
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