TDK (OTCMKTS:TTDKY) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

TDK Co. (OTCMKTS:TTDKY) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.39 and traded as low as $10.60. TDK shares last traded at $10.83, with a volume of 249,317 shares traded.

TDK Price Performance

The stock has a 50 day simple moving average of $12.14 and a two-hundred day simple moving average of $28.39. The company has a market cap of $21.05 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 0.79 and a beta of 0.87. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.63 and a quick ratio of 1.28.

TDK (OTCMKTS:TTDKY) last released its quarterly earnings results on Friday, January 31st. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). TDK had a return on equity of 9.08% and a net margin of 7.65%. On average, equities research analysts predict that TDK Co. will post 0.61 earnings per share for the current fiscal year.

TDK Company Profile

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.