TDK (OTCMKTS:TTDKY) Hits New 52-Week High – Here’s What Happened

TDK Corp. (OTCMKTS:TTDKY) reached a new 52-week high during trading on Thursday . The company traded as high as $20.05 and last traded at $20.05, with a volume of 59500 shares. The stock had previously closed at $19.15.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TTDKY. Nomura upgraded shares of TDK to a “strong-buy” rating in a report on Tuesday, February 3rd. Zacks Research lowered shares of TDK from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Finally, Wall Street Zen raised shares of TDK from a “hold” rating to a “buy” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

TDK Trading Up 4.6%

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 stock’s 50 day moving average is $15.48 and its two-hundred day moving average is $15.00. The company has a market capitalization of $38.94 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 1.59 and a beta of 1.14.

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

TDK Company Profile

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.