TDK (OTCMKTS:TTDKY) Shares Gap Down – Here’s What Happened

TDK Corp. (OTCMKTS:TTDKY) gapped down prior to trading on Wednesday . The stock had previously closed at $25.4143, but opened at $23.64. TDK shares last traded at $23.50, with a volume of 31,760 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research raised TDK from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

TDK Price Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.53 and a quick ratio of 1.18. The firm has a market cap of $46.11 billion, a price-to-earnings ratio of 34.38, a price-to-earnings-growth ratio of 2.03 and a beta of 1.24. The stock’s fifty day moving average price is $20.82 and its 200-day moving average price is $16.36.

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