Zacks Investment Research upgraded shares of TDK (OTCMKTS:TTDKY) from a hold rating to a buy rating in a report released on Saturday, November 18th. Zacks Investment Research currently has $87.00 target price on the technology company’s stock.
According to Zacks, “TDK Corp. has a portfolio of technologies originally developed for its businesses involving electronic materials, components and devices, semiconductor, recording media and data storage devices. Its technical leadership includes materials research and development for dielectric, organic and semiconductor materials, process technologies for thick and thin film, metal, semiconductors and integration technologies. TDK technologies can be found in multimedia, video, television, personal computers, mobile communications, and semiconductors. (PRESS RELEASE) “
TDK (OTCMKTS:TTDKY) traded up $0.97 on Friday, hitting $78.62. The stock had a trading volume of 655 shares, compared to its average volume of 2,755. The firm has a market cap of $10,146.90, a price-to-earnings ratio of 7.68, a P/E/G ratio of 1.85 and a beta of 1.18. TDK has a 12 month low of $59.26 and a 12 month high of $83.67. The company has a current ratio of 1.46, a quick ratio of 1.17 and a debt-to-equity ratio of 0.34.
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TDK Corporation is an electronic component manufacturer. The Company’s segments include Passive Components, Magnetic Application Products, Film Application Products and Other. The Passive Components segment includes the capacitors business, consisting of ceramic capacitors, aluminum electrolytic capacitors, and film capacitors, and the inductive devices business with coils and other passive components, including piezoelectric material components, circuit protection devices and sensors.
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