TDK Corp. (OTCMKTS:TTDKY – Get Free Report)’s stock price gapped down prior to trading on Friday. The stock had previously closed at $17.92, but opened at $15.72. TDK shares last traded at $17.04, with a volume of 34,404 shares traded.
Wall Street Analyst Weigh In
Separately, Zacks Research raised TDK from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 20th. Two analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.
View Our Latest Research Report on TTDKY
TDK Stock Performance
The firm’s 50 day moving average price is $18.90 and its 200-day moving average price is $17.87. The firm has a market cap of $32.40 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 0.90 and a beta of 1.36. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.47 and a quick ratio of 1.11.
TDK (OTCMKTS:TTDKY – Get Free Report) last posted its quarterly earnings data on Friday, October 30th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. TDK had a net margin of 7.87% and a return on equity of 9.15%. On average, analysts anticipate that TDK Corp. will post 0.94 earnings per share for the current year.
TDK Company Profile
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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