TDK Corp. (OTCMKTS:TTDKY – Get Free Report) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 83,760 shares, an increase of 305.3% from the October 15th total of 20,666 shares. Based on an average daily volume of 351,791 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded shares of TDK from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating. According to MarketBeat, the stock currently has an average rating of “Strong Buy”.
View Our Latest Research Report on TTDKY
TDK Trading Up 6.9%
Shares of OTCMKTS:TTDKY opened at $15.05 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.47. The stock’s 50-day moving average is $18.16 and its 200-day moving average is $17.96. The company has a market cap of $29.26 billion, a P/E ratio of 18.77, a P/E/G ratio of 0.73 and a beta of 1.42. TDK has a 52-week low of $11.91 and a 52-week high of $26.73.
TDK (OTCMKTS:TTDKY – Get Free Report) last issued its quarterly earnings results on Friday, October 30th. The technology company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. TDK had a return on equity of 9.86% and a net margin of 8.27%. The company had revenue of $5.19 billion for the quarter, compared to the consensus estimate of $5.11 billion. Equities research analysts predict that TDK will post 0.91 earnings per share for the current year.
TDK Company Profile
TDK Corporation is a Japanese electronics company that develops and manufactures components and systems used in a wide range of electronic devices. Founded in 1935 to commercialize ferrite, a magnetic material, the company has grown into a global supplier serving customers across industries and regions. Its products include passive components such as capacitors and inductors, sensors and sensor systems, magnetic application products, and energy-related products including rechargeable batteries. These technologies are used in applications ranging from smartphones and consumer electronics to vehicles, industrial equipment, and information technology systems.
See Also
- Five stocks we like better than TDK
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
Receive News & Ratings for TDK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TDK and related companies with MarketBeat.com's FREE daily email newsletter.
