TDK (OTCMKTS:TTDKY) Trading Down 6.5% – What’s Next?

TDK Corp. (OTCMKTS:TTDKY) fell 6.5% during trading on Tuesday . The stock traded as low as $13.20 and last traded at $13.33. 63,641 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 116,941 shares. The stock had previously closed at $14.26.

TDK Stock Down 6.8%

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.56 and a quick ratio of 1.22. The firm has a market cap of $25.83 billion, a price-to-earnings ratio of 21.79, a price-to-earnings-growth ratio of 1.34 and a beta of 0.77. The firm has a 50 day moving average price of $15.22 and a 200-day moving average price of $14.15.

TDK (OTCMKTS:TTDKY) last issued its quarterly earnings results on Friday, October 31st. The technology company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.21 by $0.04. TDK had a net margin of 7.55% and a return on equity of 9.32%. The company had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $3.97 billion. As a group, equities analysts predict that TDK Corp. will post 0.61 EPS for the current fiscal year.

TDK Company Profile

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.