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

TDK Corp. (OTCMKTS:TTDKY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $19.15, but opened at $21.15. TDK shares last traded at $21.34, with a volume of 59,890 shares traded.

Analysts Set New Price Targets

A number of research firms have recently commented on TTDKY. Nomura upgraded TDK to a “strong-buy” rating in a report on Tuesday, February 3rd. Zacks Research downgraded TDK from a “hold” rating to a “strong sell” rating in a report on Tuesday. Finally, Wall Street Zen upgraded TDK from a “hold” rating to a “buy” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

TDK Trading Up 6.3%

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 firm has a market cap of $41.39 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 1.62 and a beta of 1.14. The business has a 50 day moving average price of $15.60 and a 200-day moving average price of $15.01.

TDK (OTCMKTS:TTDKY) last posted its earnings results on Tuesday, April 28th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.83 billion. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. As a group, research analysts expect that TDK Corp. will post 0.76 EPS 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.