TDK (OTCMKTS:TTDKY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of TDK Corp. (OTCMKTS:TTDKY) saw an uptick in trading volume on Tuesday. Approximately 266,125 shares traded hands during mid-day trading, an increase of 6% from the average daily volume of 250,514 shares. The stock last traded at $14.06 and had previously closed at $14.07.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded TDK from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

TDK Stock Up 0.1%

The company has a quick ratio of 1.11, a current ratio of 1.47 and a debt-to-equity ratio of 0.15. The stock has a market cap of $27.38 billion, a P/E ratio of 18.78, a P/E/G ratio of 0.81 and a beta of 1.42. The company’s 50 day moving average price is $18.34 and its two-hundred day moving average price is $17.94.

TDK (OTCMKTS:TTDKY) last issued its earnings results on Friday, October 30th. The technology company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.05. TDK had a return on equity of 9.86% and a net margin of 8.27%. The business had revenue of $5.19 billion during the quarter, compared to analysts’ expectations of $5.11 billion. As a group, research analysts expect that TDK Corp. will post 0.91 earnings per share for the current year.

TDK Company Profile

TDK Corporation is a Japanese electronics company that develops and manufactures components and systems used in a wide range of electronic devices. Founded in 1935 to commercialize ferrite, a magnetic material, the company has grown into a global supplier serving customers across industries and regions.

Its products include passive components such as capacitors and inductors, sensors and sensor systems, magnetic application products, and energy-related products including rechargeable batteries.