TDK (OTCMKTS:TTDKY) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of TDK Corp. (OTCMKTS:TTDKY) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.20 and traded as low as $12.02. TDK shares last traded at $12.68, with a volume of 235,160 shares traded.

TDK Trading Up 3.4%

The company has a 50 day simple moving average of $14.72 and a two-hundred day simple moving average of $14.20. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.22 and a current ratio of 1.56. The firm has a market cap of $24.65 billion, a PE ratio of 20.79, a P/E/G ratio of 1.03 and a beta of 0.77.

TDK (OTCMKTS:TTDKY) last announced its quarterly earnings data on Friday, October 31st. The technology company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. The business had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $3.97 billion. TDK had a net margin of 7.55% and a return on equity of 9.32%. Analysts expect that TDK Corp. will post 0.61 EPS 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.