TDK (OTCMKTS:TTDKY) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of TDK (OTCMKTS:TTDKY) from a sell rating to a hold rating in a research report sent to investors on Saturday, Zacks.com reports.

According to Zacks, “TDK Corp. has a portfolio of technologies originally developed for its businesses involving electronic materials, components and devices, semiconductor, recording media and data storage devices. Its technical leadership includes materials research and development for dielectric, organic and semiconductor materials, process technologies for thick and thin film, metal, semiconductors and integration technologies. TDK technologies can be found in multimedia, video, television, personal computers, mobile communications, and semiconductors. (PRESS RELEASE) “

Separately, ValuEngine cut TDK from a hold rating to a sell rating in a research note on Wednesday.

Shares of OTCMKTS:TTDKY traded up $0.22 during midday trading on Friday, reaching $104.52. The company’s stock had a trading volume of 898 shares, compared to its average volume of 2,503. The company has a market capitalization of $13.52 billion, a P/E ratio of 17.87, a P/E/G ratio of 1.83 and a beta of 1.75. The business’s fifty day simple moving average is $97.55 and its 200-day simple moving average is $83.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.20 and a quick ratio of 0.90. TDK has a fifty-two week low of $64.66 and a fifty-two week high of $106.57.

TDK (OTCMKTS:TTDKY) last released its earnings results on Thursday, October 31st. The technology company reported $2.15 EPS for the quarter. The firm had revenue of $3.43 billion for the quarter. TDK had a return on equity of 10.06% and a net margin of 6.30%. On average, analysts forecast that TDK will post 5.85 earnings per share for the current fiscal year.

About TDK

TDK Corporation, together with its subsidiaries, manufactures and sells electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The company operates through Passive Components, Sensor Application Products, Magnetic Application Products, Film Application Products, and Other segments.

Further Reading: What is the Hang Seng index?  

Get a free copy of the Zacks research report on TDK (TTDKY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.