TDK (OTCMKTS:TTDKY) Shares Gap Down – What’s Next?

TDK Corp. (OTCMKTS:TTDKY) gapped down prior to trading on Thursday . The stock had previously closed at $18.47, but opened at $18.00. TDK shares last traded at $18.25, with a volume of 22,243 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy”.

TDK Price Performance

The stock has a market cap of $35.30 billion, a PE ratio of 26.71, a P/E/G ratio of 1.08 and a beta of 1.31. The company has a current ratio of 1.47, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average is $18.89 and its 200-day moving average is $18.58.

About TDK

TDK Corporation is a Japan-based electronic components and materials company that develops and manufactures products used in automotive, information and communications technology, consumer electronics, industrial equipment and other applications. The company serves customers worldwide through a global network of research, manufacturing and sales operations.

TDK’s product portfolio includes passive components such as multilayer ceramic capacitors, inductors and filters; sensors for automotive and industrial systems; power supplies and power-conversion products; magnetic components and recording-related technologies; and energy-storage products, including rechargeable batteries and battery materials.