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

TDK Corp. (OTCMKTS:TTDKY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $12.68, but opened at $12.33. TDK shares last traded at $12.73, with a volume of 38,689 shares traded.

TDK Stock Performance

The company’s 50 day simple moving average is $14.57 and its 200 day simple moving average is $14.20. The stock has a market cap of $24.42 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 1.07 and a beta of 0.77. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.22 and a current ratio of 1.56.

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