TDK (OTCMKTS:TTDKY) Shares Gap Down - Should You Sell?

Key Points

• TDK Corp. shares experienced a significant drop, opening at $13.61 after closing at $14.28, reflecting a gap down trend in pre-market trading.
• The company reported quarterly earnings of $0.15 per share, surpassing analysts' expectations, with revenue of $3.62 billion.
• TDK's market capitalization is $26.49 billion, with a current ratio of 1.65 and a debt-to-equity ratio of 0.22, indicating a stable financial position.

TDK Corp. (OTCMKTS:TTDKY - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $14.28, but opened at $13.61. TDK shares last traded at $13.76, with a volume of 23,820 shares.

TDK Trading Down 1.9%

The firm has a market capitalization of $26.13 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 1.53 and a beta of 0.72. The company has a fifty day moving average price of $12.56 and a two-hundred day moving average price of $11.23. The company has a current ratio of 1.65, a quick ratio of 1.27 and a debt-to-equity ratio of 0.22.

TDK (OTCMKTS:TTDKY - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The technology company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. TDK had a return on equity of 8.25% and a net margin of 6.73%.The firm had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $529.65 billion. As a group, research analysts forecast that TDK Corp. will post 0.61 earnings per share for the current fiscal 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.