TDK (OTCMKTS:TTDKY) Shares Gap Down – Should You Sell?

TDK Corp. (OTCMKTS:TTDKY) gapped down prior to trading on Thursday . The stock had previously closed at $15.33, but opened at $14.08. TDK shares last traded at $14.84, with a volume of 24,766 shares trading hands.

TDK Stock Performance

The business’s fifty day simple moving average is $15.93 and its 200-day simple moving average is $13.55. The company has a market capitalization of $28.91 billion, a P/E ratio of 24.39, a P/E/G ratio of 1.46 and a beta of 0.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.22 and a current ratio of 1.56.

TDK (OTCMKTS:TTDKY) last issued its earnings results on Friday, October 31st. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.04. TDK had a return on equity of 9.32% and a net margin of 7.55%.The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $3.97 billion. As a group, equities analysts anticipate that TDK Corp. will post 0.61 earnings per share for the current fiscal year.

About TDK

TDK Corporation, together with its subsidiaries, engages in manufacture and sale of electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The company operates through Passive Components, Sensor Application Products, Magnetic Application Products, Energy Application Products, and Other segments.