TDK (OTCMKTS:TTDKY) Share Price Passes Above 50 Day Moving Average of $79.96

TDK Corp (OTCMKTS:TTDKY) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $79.96 and traded as high as $88.65. TDK shares last traded at $88.65, with a volume of 232 shares.

A number of analysts have commented on TTDKY shares. ValuEngine raised TDK from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Zacks Investment Research raised TDK from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Saturday, September 7th.

The company has a market capitalization of $11.36 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 1.76 and a beta of 1.67. The firm has a fifty day moving average price of $79.96 and a 200-day moving average price of $78.89.

TDK (OTCMKTS:TTDKY) last released its earnings results on Wednesday, July 31st. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.19. The company had revenue of $3.12 billion during the quarter. TDK had a return on equity of 9.69% and a net margin of 5.92%. On average, sell-side analysts predict that TDK Corp will post 6.12 earnings per share for the current fiscal year.

About TDK (OTCMKTS:TTDKY)

TDK Corporation, together with its subsidiaries, manufactures and sells electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The company operates through Passive Components, Sensor Application Products, Magnetic Application Products, Film Application Products, and Other segments.

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