TDK (OTCMKTS:TTDKY) Sets New 12-Month High - Here's Why

Key Points

• TDK Corp. reached a new 52-week high of $14.20 during trading, closing at the same price after a previous close of $13.78.
• The company reported earnings per share (EPS) of $0.15 for the last quarter, exceeding analysts' expectations of $0.14.
• TDK has a market cap of $27.74 billion with a P/E ratio of 27.45, indicating its current valuation relative to earnings.

TDK Corp. (OTCMKTS:TTDKY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $14.20 and last traded at $14.20, with a volume of 11576 shares trading hands. The stock had previously closed at $13.78.

TDK Stock Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.65 and a quick ratio of 1.27. The stock has a 50-day simple moving average of $12.32 and a 200-day simple moving average of $11.13. The stock has a market cap of $27.74 billion, a P/E ratio of 27.45, a PEG ratio of 1.54 and a beta of 0.72.

TDK (OTCMKTS:TTDKY - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.01. The business 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%. Research analysts forecast 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.

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