TDK (OTCMKTS:TTDKY) Shares Cross Above 50-Day Moving Average - Here's Why

Key Points

• TDK Corp.'s share price recently climbed above its 50-day moving average of $11.09, reaching a high of $12.24 during trading.
• The company reported a quarterly earnings loss of $0.02 EPS, falling short of analyst expectations, while maintaining a market capitalization of $23.64 billion.
• TDK's financial metrics include a debt-to-equity ratio of 0.19 and a return on equity of 9.11%.

TDK Corp. (OTCMKTS:TTDKY - Get Free Report)'s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.09 and traded as high as $12.24. TDK shares last traded at $12.16, with a volume of 43,070 shares traded.

TDK Stock Up 5.9%

The firm has a market cap of $25.27 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 1.40 and a beta of 0.69. The business has a 50-day moving average price of $11.15 and a two-hundred day moving average price of $10.92. The company has a quick ratio of 1.30, a current ratio of 1.67 and a debt-to-equity ratio of 0.19.

TDK (OTCMKTS:TTDKY - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. TDK had a net margin of 7.57% and a return on equity of 9.11%. On average, equities research analysts expect that TDK Corp. will post 0.61 EPS for the current year.

About TDK

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.