TDK (OTCMKTS:TTDKY) Trading 7.5% Higher – What’s Next?

TDK Corp. (OTCMKTS:TTDKY) shares traded up 7.5% on Friday . The company traded as high as $19.99 and last traded at $19.90. Approximately 14,862 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 287,135 shares. The stock had previously closed at $18.51.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of TDK from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TDK presently has a consensus rating of “Buy”.

TDK Stock Up 5.5%

The firm has a market capitalization of $37.96 billion, a P/E ratio of 28.30, a PEG ratio of 1.22 and a beta of 1.28. 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 stock has a 50 day moving average of $21.93 and a 200-day moving average of $17.35.

TDK (OTCMKTS:TTDKY) last issued its earnings results on Friday, July 31st. The technology company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). TDK had a return on equity of 10.01% and a net margin of 7.87%.TDK has set its FY 2027 guidance at 0.760-0.760 EPS. Research analysts predict that TDK Corp. will post 0.75 earnings per share for the current fiscal 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.