TDK (OTCMKTS:TTDKY) Stock Price Crosses Above 50 Day Moving Average of $34.15

TDK Co. (OTCMKTS:TTDKYGet Rating)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $34.15 and traded as high as $35.36. TDK shares last traded at $34.91, with a volume of 63,142 shares changing hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. downgraded TDK from an “overweight” rating to a “neutral” rating in a report on Monday, July 11th.

TDK Price Performance

The company has a quick ratio of 1.00, a current ratio of 1.46 and a debt-to-equity ratio of 0.31. The firm has a fifty day moving average price of $34.39 and a two-hundred day moving average price of $33.26. The stock has a market capitalization of $13.36 billion, a P/E ratio of 8.90, a P/E/G ratio of 1.12 and a beta of 1.04.

TDK (OTCMKTS:TTDKYGet Rating) last released its quarterly earnings data on Monday, August 1st. The technology company reported $0.64 EPS for the quarter. TDK had a return on equity of 13.85% and a net margin of 9.25%. The company had revenue of $3.94 billion for the quarter. On average, analysts expect that TDK Co. will post 2.68 EPS for the current year.

TDK Company Profile

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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 four segments: Passive Components, Sensor Application Products, Magnetic Application Products, Energy Application Products, and Other segments.

Further Reading

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