TDK (OTCMKTS:TTDKY) Shares Gap Up – Time to Buy?

TDK Corp. (OTCMKTS:TTDKY) gapped up before the market opened on Wednesday . The stock had previously closed at $16.04, but opened at $16.87. TDK shares last traded at $16.7145, with a volume of 7,826 shares trading hands.

TDK Trading Up 3.9%

The company has a current ratio of 1.65, a quick ratio of 1.27 and a debt-to-equity ratio of 0.22. The firm has a market cap of $32.39 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 1.61 and a beta of 0.82. The company has a fifty day moving average price of $15.17 and a 200-day moving average price of $12.82.

TDK (OTCMKTS:TTDKY) last released its quarterly earnings results on Friday, October 31st. The technology company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.97 billion. TDK had a net margin of 7.55% and a return on equity of 9.48%. As a group, research analysts expect that TDK Corp. will post 0.61 EPS for the current year.

TDK Company Profile

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.