TDK (OTCMKTS:TTDKY) Shares Gap Up – Should You Buy?

TDK Corp. (OTCMKTS:TTDKY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $22.55, but opened at $24.15. TDK shares last traded at $23.9050, with a volume of 19,341 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TTDKY. Wall Street Zen upgraded TDK from a “hold” rating to a “buy” rating in a report on Wednesday, February 4th. Nomura upgraded TDK to a “strong-buy” rating in a report on Tuesday, February 3rd. Finally, Zacks Research cut TDK from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

TDK Trading Up 5.8%

The company has a quick ratio of 1.18, a current ratio of 1.53 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $50.37 billion, a P/E ratio of 37.55, a PEG ratio of 2.07 and a beta of 1.14. The firm has a 50 day moving average of $16.76 and a 200-day moving average of $15.29.

TDK (OTCMKTS:TTDKY) last issued its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.05). The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.83 billion. TDK had a net margin of 7.87% and a return on equity of 10.01%. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. On average, equities research analysts predict that TDK Corp. will post 0.76 earnings per share 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.