TDK Corp. (OTCMKTS:TTDKY – Get Free Report) passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $17.86 and traded as high as $18.05. TDK shares last traded at $17.92, with a volume of 140,180 shares trading hands.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded shares of TDK from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 20th. Two research analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.
Get Our Latest Stock Report on TTDKY
TDK Trading Down 5.0%
The business’s 50-day moving average price is $18.86 and its 200 day moving average price is $17.88. 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 firm has a market capitalization of $32.35 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 0.88 and a beta of 1.36.
TDK (OTCMKTS:TTDKY – Get Free Report) last released its quarterly earnings results on Friday, October 30th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. TDK had a net margin of 7.87% and a return on equity of 9.15%. On average, equities analysts forecast that TDK Corp. will post 0.94 earnings per share for the current fiscal year.
About TDK
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.
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