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

TDK Corp. (OTCMKTS:TTDKY)’s stock 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 changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TTDKY. Nomura upgraded TDK to a “strong-buy” rating in a research report on Tuesday, February 3rd. Zacks Research downgraded TDK from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Finally, Wall Street Zen upgraded TDK from a “hold” rating to a “buy” rating in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, TDK has a consensus rating of “Moderate Buy”.

TDK Price Performance

The company has a 50-day moving average of $15.60 and a two-hundred day moving average of $15.01. The stock has a market capitalization of $41.39 billion, a PE ratio of 30.86, a P/E/G ratio of 1.62 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.53 and a quick ratio of 1.18.

TDK (OTCMKTS:TTDKY) last released its earnings results 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 return on equity of 10.01% and a net margin of 7.87%.The business 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. Sell-side analysts predict that TDK Corp. will post 0.76 EPS for the current fiscal year.

TDK Company Profile

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.