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

TDK Co. (OTCMKTS:TTDKYGet Free Report)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.09 and traded as low as $10.23. TDK shares last traded at $10.36, with a volume of 81,399 shares trading hands.

TDK Trading Up 1.1 %

The company has a market cap of $20.14 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 0.79 and a beta of 0.74. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.63 and a quick ratio of 1.28. The business’s 50-day simple moving average is $10.25 and its 200-day simple moving average is $12.09.

TDK (OTCMKTS:TTDKYGet Free Report) last issued its quarterly earnings data on Friday, January 31st. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). TDK had a return on equity of 9.08% and a net margin of 7.65%. Research analysts predict that TDK Co. will post 0.61 earnings per share for the current fiscal year.

About TDK

(Get Free Report)

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.

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