TDK (OTCMKTS:TTDKY) Shares Gap Down – Here’s Why

TDK Corp. (OTCMKTS:TTDKY – Get Free Report) gapped down prior to trading on Friday. The stock had previously closed at $22.10, but opened at $20.25. TDK shares last traded at $20.57, with a volume of 8,156 shares traded.

TDK Price Performance

The company has a current ratio of 1.47, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15. The company has a market cap of $40.04 billion, a P/E ratio of 30.29, a P/E/G ratio of 1.10 and a beta of 1.36. The firm has a 50 day moving average of $19.24 and a 200-day moving average of $19.24.

TDK Company Profile

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TDK Corporation is a Japan-based electronics company that develops and manufactures electronic components, materials, and systems. Founded in 1935 as Tokyo Denki Kagaku Kogyo K.K., the company was established to commercialize ferrite, a magnetic material developed by Japanese researchers. TDK has since expanded into a global supplier serving the automotive, information and communications technology, consumer electronics, and industrial markets.

The company’s products include ceramic and aluminum capacitors, inductors, transformers, power supplies, sensors, magnetic components, and electronic modules.

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