TDK (OTCMKTS:TTDKY) Sees Strong Trading Volume – Still a Buy?

TDK Corp. (OTCMKTS:TTDKY) saw unusually-strong trading volume on Friday . Approximately 190,780 shares changed hands during trading, a decline of 29% from the previous session’s volume of 268,227 shares.The stock last traded at $22.2250 and had previously closed at $23.72.

Analyst Upgrades and Downgrades

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

TDK Stock Performance

The company has a 50 day simple moving average of $20.82 and a 200-day simple moving average of $16.36. 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 stock has a market cap of $43.93 billion, a P/E ratio of 32.76, a price-to-earnings-growth ratio of 2.03 and a beta of 1.24.

TDK (OTCMKTS:TTDKY) last announced its quarterly earnings data 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 net margin of 7.87% and a return on equity of 10.01%. The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.83 billion. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. On average, equities analysts expect 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.