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

TDK Corp. (OTCMKTS:TTDKY)’s share price 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.

Analyst Upgrades and Downgrades

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

TDK Price Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.18 and a current ratio of 1.53. The firm has a market capitalization of $46.07 billion, a P/E ratio of 34.35, a P/E/G ratio of 2.17 and a beta of 1.25. The stock’s 50 day simple moving average is $20.46 and its 200 day simple moving average is $16.25.

TDK (OTCMKTS:TTDKY) last posted its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.05 earnings per share (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 for the quarter, compared to the consensus estimate of $3.83 billion. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. As a group, analysts expect that TDK Corp. will post 0.75 earnings per share for the current fiscal year.

About TDK

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.