TDK (OTCMKTS:TTDKY) Shares Gap Down – Time to Sell?

TDK Corp. (OTCMKTS:TTDKY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $23.43, but opened at $21.00. TDK shares last traded at $22.81, with a volume of 10,107 shares traded.

Analyst Ratings Changes

Separately, Zacks Research raised 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

TDK Trading Down 3.9%

The firm has a market capitalization of $43.77 billion, a P/E ratio of 32.63, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25. 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 firm has a 50 day moving average price of $18.36 and a two-hundred day moving average price of $15.70.

TDK (OTCMKTS:TTDKY) last released its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.05). The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate 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. On average, equities research analysts expect that TDK Corp. will post 0.76 EPS for the current fiscal year.

About TDK

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.