TDK (OTCMKTS:TTDKY) Shares Gap Down – What’s Next?

TDK Corp. (OTCMKTS:TTDKY) gapped down before the market opened on Friday. The stock had previously closed at $15.73, but opened at $13.40. TDK shares last traded at $13.6250, with a volume of 60,796 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised TDK from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

TDK Stock Up 3.8%

The company has a quick ratio of 1.11, a current ratio of 1.47 and a debt-to-equity ratio of 0.15. The company has a 50-day simple moving average of $18.55 and a two-hundred day simple moving average of $17.93. The stock has a market cap of $26.55 billion, a P/E ratio of 18.21, a P/E/G ratio of 0.81 and a beta of 1.42.

TDK (OTCMKTS:TTDKY) last issued its 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 8.27% and a return on equity of 9.86%. The firm had revenue of $5.19 billion for the quarter, compared to analysts’ expectations of $5.11 billion. On average, equities analysts forecast that TDK Corp. will post 0.91 EPS for the current 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.