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

TDK Corp. (OTCMKTS:TTDKY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $14.13, but opened at $13.64. TDK shares last traded at $14.2575, with a volume of 28,591 shares changing hands.

TDK Trading Up 1.0%

The company has a market cap of $27.74 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 1.35 and a beta of 0.76. The company’s 50 day simple moving average is $15.79 and its two-hundred day simple moving average is $13.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.56 and a quick ratio of 1.22.

TDK (OTCMKTS:TTDKY) last posted its earnings results on Friday, October 31st. The technology company reported $0.25 earnings per share for the quarter, beating 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 firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $3.97 billion. As a group, sell-side analysts anticipate 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.