Zacks Investment Research downgraded shares of TDK (OTCMKTS:TTDKY) from a buy rating to a hold rating in a report published on Thursday. Zacks Investment Research currently has $97.00 price target on the technology company’s stock.

According to Zacks, “TDK Corp. has a portfolio of technologies originally developed for its businesses involving electronic materials, components and devices, semiconductor, recording media and data storage devices. Its technical leadership includes materials research and development for dielectric, organic and semiconductor materials, process technologies for thick and thin film, metal, semiconductors and integration technologies. TDK technologies can be found in multimedia, video, television, personal computers, mobile communications, and semiconductors. (PRESS RELEASE) “

Shares of TDK (OTCMKTS:TTDKY) traded up $2.24 during midday trading on Thursday, hitting $89.55. The company had a trading volume of 960 shares, compared to its average volume of 3,294. The company has a quick ratio of 1.26, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. TDK has a 52 week low of $59.26 and a 52 week high of $87.31. The company has a market capitalization of $11,150.00, a PE ratio of 8.96, a P/E/G ratio of 2.04 and a beta of 1.28.

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TDK Company Profile

TDK Corporation is an electronic component manufacturer. The Company’s segments include Passive Components, Magnetic Application Products, Film Application Products and Other. The Passive Components segment includes the capacitors business, consisting of ceramic capacitors, aluminum electrolytic capacitors, and film capacitors, and the inductive devices business with coils and other passive components, including piezoelectric material components, circuit protection devices and sensors.

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