TDK (OTCMKTS:TTDKY) Stock Price Down 6.5% – Here’s Why

TDK Corp. (OTCMKTS:TTDKY) shares traded down 6.5% during mid-day trading on Tuesday . The stock traded as low as $13.20 and last traded at $13.33. 63,641 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 116,941 shares. The stock had previously closed at $14.26.

TDK Trading Down 6.8%

The company has a quick ratio of 1.22, a current ratio of 1.56 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $25.83 billion, a P/E ratio of 21.79, a price-to-earnings-growth ratio of 1.34 and a beta of 0.77. The business has a fifty day moving average price of $15.22 and a 200 day moving average price of $14.15.

TDK (OTCMKTS:TTDKY) last announced its earnings results on Friday, October 31st. The technology company reported $0.25 EPS for the quarter, topping 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%. On average, analysts expect that TDK Corp. will post 0.61 earnings per share 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.