TDK (OTCMKTS:TTDKY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of TDK Corp. (OTCMKTS:TTDKY) saw unusually-high trading volume on Wednesday . 725,925 shares traded hands during trading, an increase of 155% from the previous session’s volume of 284,913 shares.The stock last traded at $19.60 and had previously closed at $20.03.

Analysts Set New Price Targets

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 equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

TDK Stock Down 1.8%

The company has a market capitalization of $38.24 billion, a price-to-earnings ratio of 28.51, a P/E/G ratio of 1.70 and a beta of 1.28. The business has a fifty day simple moving average of $22.07 and a two-hundred day simple moving average of $16.99. The company has a quick ratio of 1.18, a current ratio of 1.53 and a debt-to-equity ratio of 0.16.

TDK (OTCMKTS:TTDKY) last issued its earnings results on Tuesday, April 28th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.83 billion. TDK had a return on equity of 10.01% and a net margin of 7.87%.TDK has set its FY 2027 guidance at 0.760-0.760 EPS. Equities analysts expect that TDK Corp. will post 0.75 EPS for the current 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.