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TDK (OTCMKTS:TTDKY) Shares Gap Down - Here's Why

TDK logo with Computer and Technology background

TDK Corp. (OTCMKTS:TTDKY - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $10.74, but opened at $10.37. TDK shares last traded at $10.86, with a volume of 1,401 shares traded.

TDK Price Performance

The company's 50-day moving average is $10.63 and its 200-day moving average is $11.16. The company has a current ratio of 1.63, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18. The firm has a market cap of $21.13 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 1.23 and a beta of 0.69.

TDK (OTCMKTS:TTDKY - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The technology company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.06). TDK had a return on equity of 9.09% and a net margin of 7.57%. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $506.51 billion. Equities research analysts predict that TDK Corp. will post 0.61 earnings per share for the current year.

About TDK

(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.

Further Reading

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