TDK (OTCMKTS:TTDKY) Shares Gap Up – Time to Buy?

Shares of TDK Corp. (OTCMKTS:TTDKY) gapped up before the market opened on Monday . The stock had previously closed at $22.21, but opened at $24.29. TDK shares last traded at $24.39, with a volume of 17,343 shares trading hands.

Analyst Ratings Changes

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 investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy”.

TDK Trading Up 0.1%

The company has a market cap of $46.21 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 2.07 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. The company has a 50-day moving average of $19.40 and a 200 day moving average of $15.96.

TDK (OTCMKTS:TTDKY) last released its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.05). The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.83 billion. 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. Analysts predict that TDK Corp. will post 0.76 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.