TDK (OTCMKTS:TTDKY) Shares Gap Down – What’s Next?

TDK Corp. (OTCMKTS:TTDKY) shares gapped down prior to trading on Monday . The stock had previously closed at $14.11, but opened at $13.37. TDK shares last traded at $14.1650, with a volume of 22,283 shares.

TDK Stock Up 1.0%

The stock’s 50-day moving average price is $15.30 and its two-hundred day moving average price is $14.12. The stock has a market capitalization of $27.71 billion, a PE ratio of 23.37, a P/E/G ratio of 1.34 and a beta of 0.77. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.22 and a current ratio of 1.56.

TDK (OTCMKTS:TTDKY) last issued its quarterly earnings results on Friday, October 31st. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The company 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%. As a group, analysts expect that TDK Corp. will post 0.61 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.