TDK (OTCMKTS:TTDKY) Shares Gap Down – Time to Sell?

Shares of TDK Corp. (OTCMKTS:TTDKY) gapped down before the market opened on Wednesday . The stock had previously closed at $25.4143, but opened at $23.64. TDK shares last traded at $23.50, with a volume of 31,760 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised TDK from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

TDK Stock Performance

The company has a 50 day moving average of $20.46 and a two-hundred day moving average of $16.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.53 and a quick ratio of 1.18. The company has a market capitalization of $46.07 billion, a PE ratio of 34.35, a PEG ratio of 2.17 and a beta of 1.25.

TDK (OTCMKTS:TTDKY) last announced its earnings results 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 business had revenue of $4.05 billion for the quarter, compared to the consensus estimate 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. As a group, equities research analysts predict that TDK Corp. will post 0.75 earnings per share 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.