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

TDK Corp. (OTCMKTS:TTDKYGet Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $15.33, but opened at $14.08. TDK shares last traded at $14.84, with a volume of 24,766 shares changing hands.

TDK Stock Down 1.5%

The business has a 50 day moving average price of $15.92 and a 200 day moving average price of $13.59. The firm has a market capitalization of $28.65 billion, a P/E ratio of 24.16, a price-to-earnings-growth ratio of 1.42 and a beta of 0.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.56 and a quick ratio of 1.22.

TDK (OTCMKTS:TTDKYGet Free Report) last posted its quarterly earnings data on Friday, October 31st. The technology company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.04. The company had revenue of $4.20 billion during the quarter, compared to analyst estimates of $3.97 billion. TDK had a net margin of 7.55% and a return on equity of 9.32%. On average, analysts predict that TDK Corp. will post 0.61 earnings per share for the current year.

TDK Company Profile

(Get Free Report)

TDK Corporation, together with its subsidiaries, engages in manufacture and sale of electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The company operates through Passive Components, Sensor Application Products, Magnetic Application Products, Energy Application Products, and Other segments.

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