TDK (OTCMKTS:TTDKY) Sees Strong Trading Volume - Still a 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-strong trading volume on Wednesday . Approximately 240,664 shares changed 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 company has a market capitalization of $25.31 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 1.56 and a beta of 0.67. The stock has a 50 day simple moving average of $11.69 and a 200 day simple moving average of $10.96. The company has a quick ratio of 1.27, a current ratio of 1.65 and a debt-to-equity ratio of 0.22.

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