TDK (OTCMKTS:TTDKY) Releases Earnings Results

TDK (OTCMKTS:TTDKY) announced its quarterly earnings data on Friday. The technology company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05, Zacks reports. TDK had a net margin of 7.87% and a return on equity of 9.15%.

TDK Price Performance

TDK stock traded down $0.87 during midday trading on Friday, hitting $16.64. The company’s stock had a trading volume of 189,766 shares, compared to its average volume of 245,928. The company has a market capitalization of $32.35 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 0.90 and a beta of 1.36. TDK has a 12 month low of $11.91 and a 12 month high of $26.73. The company has a quick ratio of 1.11, a current ratio of 1.47 and a debt-to-equity ratio of 0.15. The stock’s 50-day moving average price is $18.90 and its 200-day moving average price is $17.87.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded TDK from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 20th. Two analysts have rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

About TDK

TDK Corporation is a Japanese electronics company that develops and manufactures electronic components, materials and systems for consumer electronics, automotive, communications, industrial and energy-related applications. The company’s products include passive components such as capacitors and inductors, magnetic materials and components, sensors, power supplies, electronic modules and rechargeable batteries.

TDK is also active in energy storage through its lithium-ion and other battery technologies, which are used in mobile devices, electric vehicles, industrial equipment and energy-storage applications.