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

Shares of TDK Corp. (OTCMKTS:TTDKY) gapped down before the market opened on Thursday . The stock had previously closed at $18.47, but opened at $18.00. TDK shares last traded at $18.25, with a volume of 22,243 shares changing hands.

Analyst Ratings Changes

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 given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

TDK Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.47 and a quick ratio of 1.11. The company has a market cap of $35.39 billion, a PE ratio of 26.77, a P/E/G ratio of 1.08 and a beta of 1.31. The company has a 50-day moving average price of $19.01 and a two-hundred day moving average price of $18.56.

TDK Company Profile

TDK Corporation is a Japan-based electronic components and materials company that develops and manufactures products used in automotive, information and communications technology, consumer electronics, industrial equipment and other applications. The company serves customers worldwide through a global network of research, manufacturing and sales operations.

TDK’s product portfolio includes passive components such as multilayer ceramic capacitors, inductors and filters; sensors for automotive and industrial systems; power supplies and power-conversion products; magnetic components and recording-related technologies; and energy-storage products, including rechargeable batteries and battery materials.