Shares of TDK Corp (OTCMKTS:TTDKY) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $78.36 and traded as low as $79.79. TDK shares last traded at $79.79, with a volume of 555 shares trading hands.

Separately, Zacks Investment Research cut shares of TDK from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th.

The stock has a market cap of $10.31 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 1.53 and a beta of 1.67. The business’s fifty day moving average is $78.40 and its two-hundred day moving average is $78.56.

TDK (OTCMKTS:TTDKY) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. TDK had a net margin of 5.92% and a return on equity of 9.69%. The firm had revenue of $3.12 billion during the quarter. Sell-side analysts forecast that TDK Corp will post 6.12 earnings per share for the current year.

About TDK (OTCMKTS:TTDKY)

TDK Corporation, together with its subsidiaries, manufactures and sells electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The company operates through Passive Components, Sensor Application Products, Magnetic Application Products, Film Application Products, and Other segments.

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