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TDK (OTCMKTS:TTDKY) Stock Price Passes Above 50-Day Moving Average - Here's Why

TDK logo with Computer and Technology background

TDK Co. (OTCMKTS:TTDKY - Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.22 and traded as high as $11.46. TDK shares last traded at $11.46, with a volume of 183,217 shares trading hands.

TDK Trading Down 1.1%

The company has a market capitalization of $21.03 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 0.79 and a beta of 0.71. 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 company has a fifty day simple moving average of $10.27 and a two-hundred day simple moving average of $11.56.

TDK (OTCMKTS:TTDKY - Get Free Report) last announced 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 company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $506.51 billion. TDK had a return on equity of 9.08% and a net margin of 7.65%. On average, analysts forecast that TDK Co. will post 0.61 earnings per share 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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