TDK (OTCMKTS:TTDKY) Shares Gap Up – Still a Buy?

TDK Corp. (OTCMKTS:TTDKY) shares gapped up before the market opened on Monday . The stock had previously closed at $22.21, but opened at $24.29. TDK shares last traded at $24.39, with a volume of 17,343 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded TDK from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.

TDK Stock Up 10.3%

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 business has a fifty day simple moving average of $18.94 and a two-hundred day simple moving average of $15.85. The company has a market capitalization of $47.61 billion, a price-to-earnings ratio of 35.49, a P/E/G ratio of 1.87 and a beta of 1.24.

TDK (OTCMKTS:TTDKY) last released its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). The company had revenue of $4.05 billion for the quarter, compared to analyst estimates 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. Equities analysts expect that TDK Corp. will post 0.76 EPS for the current 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.