TDK (OTCMKTS:TTDKY) Shares Gap Down – Here’s Why

TDK Corp. (OTCMKTS:TTDKY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $18.67, but opened at $18.01. TDK shares last traded at $18.2325, with a volume of 18,679 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of TDK from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

TDK Trading Down 0.7%

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.47 and a quick ratio of 1.11. The company has a market capitalization of $35.40 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 1.13 and a beta of 1.31. The firm has a fifty day moving average price of $19.65 and a 200-day moving average price of $18.37.

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.