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

by · The Markets Daily

TDK Corp. (OTCMKTS:TTDKY – Get Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $23.43, but opened at $21.00. TDK shares last traded at $22.81, with a volume of 10,107 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised TDK from a “strong sell” rating to a “hold” rating in a report 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, the stock has a consensus rating of “Buy”.

View Our Latest Stock Report on TDK

TDK Price Performance

The stock has a market capitalization of $43.77 billion, a price-to-earnings ratio of 32.63, a P/E/G ratio of 2.02 and a beta of 1.25. The company has a quick ratio of 1.18, a current ratio of 1.53 and a debt-to-equity ratio of 0.16. The business has a 50-day simple moving average of $18.36 and a two-hundred day simple moving average of $15.70.

TDK (OTCMKTS:TTDKY – Get Free Report) last released its earnings results on Tuesday, April 28th. The technology company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.83 billion. TDK had a return on equity of 10.01% and a net margin of 7.87%.TDK has set its FY 2027 guidance at 0.760-0.760 EPS. As a group, research analysts predict that TDK Corp. will post 0.76 earnings per share for the current fiscal year.

About TDK

(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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