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

TDK Corp. (OTCMKTS:TTDKY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $15.33, but opened at $14.08. TDK shares last traded at $14.84, with a volume of 24,766 shares.

TDK Price Performance

The company has a market capitalization of $28.91 billion, a P/E ratio of 24.39, a PEG ratio of 1.46 and a beta of 0.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.56 and a quick ratio of 1.22. The stock’s fifty day simple moving average is $15.93 and its 200-day simple moving average is $13.55.

TDK (OTCMKTS:TTDKY) last released its earnings results on Friday, October 31st. The technology company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. TDK had a net margin of 7.55% and a return on equity of 9.32%. The business had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $3.97 billion. On average, equities analysts forecast that TDK Corp. will post 0.61 earnings per share for the current fiscal year.

About TDK

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.