TDK (OTCMKTS:TTDKY) Shares Gap Down – Here’s What Happened

TDK Corp. (OTCMKTS:TTDKY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $21.18, but opened at $19.80. TDK shares last traded at $19.84, with a volume of 1,855,197 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded 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 issued a Hold rating to the stock. Based on data from MarketBeat, TDK has an average rating of “Buy”.

TDK Trading Down 6.0%

The stock’s 50 day simple moving average is $22.00 and its 200 day simple moving average is $16.91. The firm has a market cap of $38.68 billion, a PE ratio of 28.84, a PEG ratio of 1.82 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.18 and a current ratio of 1.53.

TDK (OTCMKTS:TTDKY) last posted its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.05 earnings per share 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 company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.83 billion. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. On average, sell-side analysts forecast that TDK Corp. will post 0.75 earnings per share for the current fiscal 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.