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TDK (OTCMKTS:TTDKY) Shares Cross Below 200-Day Moving Average - Here's What Happened

TDK logo with Computer and Technology background

TDK Corp. (OTCMKTS:TTDKY - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.26 and traded as low as $10.14. TDK shares last traded at $10.40, with a volume of 112,646 shares trading hands.

TDK Price Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.63 and a quick ratio of 1.28. The stock has a market capitalization of $20.82 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 1.23 and a beta of 0.69. The stock's 50 day simple moving average is $10.58 and its 200-day simple moving average is $11.20.

TDK (OTCMKTS:TTDKY - Get Free Report) last posted its earnings results on Monday, April 28th. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.06). The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $506.51 billion. TDK had a net margin of 7.57% and a return on equity of 9.09%. On average, analysts expect that TDK Corp. will post 0.61 EPS for the current fiscal year.

TDK Company Profile

(Get Free Report)

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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