TDK (OTCMKTS:TTDKY) Shares Gap Up – Here’s Why

Shares of TDK Corp. (OTCMKTS:TTDKYGet Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $15.6750, but opened at $16.35. TDK shares last traded at $15.89, with a volume of 16,242 shares trading hands.

TDK Trading Up 0.1%

The company has a market cap of $30.83 billion, a P/E ratio of 26.00, a P/E/G ratio of 1.50 and a beta of 0.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.22 and a current ratio of 1.56. The business’s 50-day moving average price is $15.87 and its 200 day moving average price is $13.44.

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

TDK Company Profile

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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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