TDK (OTCMKTS:TTDKY) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

TDK Co. (OTCMKTS:TTDKYGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.23 and traded as low as $9.37. TDK shares last traded at $9.42, with a volume of 250,762 shares trading hands.

TDK Stock Performance

The stock has a market capitalization of $16.48 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 0.79 and a beta of 0.74. The company has a quick ratio of 1.28, a current ratio of 1.63 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average of $10.96 and a 200-day moving average of $17.85.

TDK (OTCMKTS:TTDKYGet Free Report) last posted its quarterly earnings results on Friday, January 31st. The technology company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). TDK had a net margin of 7.65% and a return on equity of 9.08%. Equities analysts anticipate that TDK Co. will post 0.61 earnings per share for the current fiscal year.

TDK Company Profile

(Get Free Report)

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.

Further Reading

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