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

TDK Corp. (OTCMKTS:TTDKY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $23.43, but opened at $21.00. TDK shares last traded at $22.81, with a volume of 10,107 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised TDK from a “strong sell” rating to a “hold” rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

TDK Stock Performance

The firm’s fifty day simple moving average is $18.76 and its 200 day simple moving average is $15.80. The company has a market capitalization of $45.00 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 1.89 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.53 and a quick ratio of 1.18.

TDK (OTCMKTS:TTDKY) last released 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). The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.83 billion. TDK had a net margin of 7.87% and a return on equity of 10.01%. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. On average, sell-side analysts forecast that TDK Corp. will post 0.76 EPS for the current 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.