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

TDK Corp. (OTCMKTS:TTDKY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $18.46, but opened at $19.63. TDK shares last traded at $18.9820, with a volume of 21,303 shares traded.

Analyst Ratings Changes

Separately, Zacks Research raised shares of TDK from a “strong sell” rating to a “hold” rating in a research report 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 stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

TDK Trading Up 3.6%

The firm has a 50 day simple moving average of $22.07 and a 200 day simple moving average of $17.12. 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 market cap of $37.17 billion, a P/E ratio of 27.71, a P/E/G ratio of 1.36 and a beta of 1.28.

TDK (OTCMKTS:TTDKY) last announced its quarterly earnings results 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). TDK had a net margin of 7.87% and a return on equity of 10.01%. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.83 billion. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. On average, equities research analysts predict that TDK Corp. will post 0.75 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.