TDK (OTCMKTS:TTDKY) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

TDK Co. (OTCMKTS:TTDKY) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.36 and traded as low as $12.78. TDK shares last traded at $12.94, with a volume of 76,447 shares.

TDK Price Performance

The stock’s fifty day moving average price is $12.88 and its 200-day moving average price is $42.05. The firm has a market cap of $25.37 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 0.83 and a beta of 0.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.60 and a quick ratio of 1.25.

TDK (OTCMKTS:TTDKY) last released its quarterly earnings data on Friday, November 1st. The technology company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.12. The company had revenue of $3.84 billion during the quarter. TDK had a net margin of 8.23% and a return on equity of 10.08%. As a group, equities analysts expect that TDK Co. will post 0.64 EPS for the current fiscal year.

About TDK

TDK Corporation, together with its subsidiaries, engages in manufacture and sale of electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The company operates through Passive Components, Sensor Application Products, Magnetic Application Products, Energy Application Products, and Other segments.