TDK (OTCMKTS:TTDKY) Shares Gap Down – Should You Sell?

TDK Corp. (OTCMKTS:TTDKY) gapped down before the market opened 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised TDK from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat, TDK currently has a consensus rating of “Strong Buy”.

TDK Stock Down 4.8%

The stock has a market cap of $32.40 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 0.90 and a beta of 1.36. 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 firm’s 50-day simple moving average is $18.90 and its two-hundred day simple moving average is $17.87.

TDK (OTCMKTS:TTDKY) last announced its earnings results on Friday, October 30th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. TDK had a net margin of 7.87% and a return on equity of 9.15%. On average, sell-side analysts expect that TDK Corp. will post 0.94 EPS for the current fiscal 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.