TDK (OTCMKTS:TTDKY) Sees Large Volume Increase - Time to Buy?

Key Points

• TDK Corp. experienced a **31% increase** in trading volume on Wednesday, with **240,664 shares** changing hands, leading to a stock price rise to **$13.41** from a previous closing of **$13.24**.
• The company reported **$0.15 earnings per share (EPS)** for the latest quarter, exceeding expectations, and generated revenue of **$3.62 billion** against analyst estimates of **$529.65 billion**.
• TDK has a **debt-to-equity ratio of 0.19** and a market cap of **$25.99 billion**, with analysts projecting an EPS of **0.61** for the current fiscal year.

Shares of TDK Corp. (OTCMKTS:TTDKY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 240,664 shares traded hands during mid-day trading, an increase of 31% from the previous session's volume of 183,683 shares.The stock last traded at $13.41 and had previously closed at $13.24.

TDK Stock Performance

The firm has a market cap of $25.35 billion, a P/E ratio of 25.08, a price-to-earnings-growth ratio of 1.56 and a beta of 0.67. The company has a current ratio of 1.65, a quick ratio of 1.27 and a debt-to-equity ratio of 0.22. The business's fifty day simple moving average is $11.65 and its 200-day simple moving average is $10.96.

TDK (OTCMKTS:TTDKY - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. The company had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $529.65 billion. TDK had a net margin of 6.73% and a return on equity of 8.25%. As a group, sell-side analysts expect that TDK Corp. will post 0.61 earnings per share for the current year.

TDK Company Profile

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.