TDK (OTCMKTS:TTDKY) Sees Strong Trading Volume – Should You Buy?

TDK Corp. (OTCMKTS:TTDKY) saw strong trading volume on Wednesday . Approximately 725,925 shares traded hands during trading, an increase of 155% from the previous session’s volume of 284,913 shares.The stock last traded at $19.60 and had previously closed at $20.03.

Analyst Ratings Changes

Separately, Zacks Research raised TDK from a “strong sell” rating to a “hold” rating in a report 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 MarketBeat.com, the stock currently has an average rating of “Buy”.

TDK Stock Down 4.9%

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 company has a market capitalization of $36.21 billion, a PE ratio of 27.00, a PEG ratio of 1.44 and a beta of 1.28. The company’s 50 day moving average is $22.09 and its two-hundred day moving average is $17.06.

TDK (OTCMKTS:TTDKY) last released its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.05). The company 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. On average, analysts anticipate 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.