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

Key Points

• TDK Corp. shares experienced a significant gap down, opening at $11.69 after closing at $13.00, reflecting a decrease of 6.0%.
• The company reported earnings of $0.15 per share for the previous quarter, slightly exceeding analyst estimates of $0.14, with total revenue of $3.62 billion.
• TDK has a market capitalization of $23.76 billion and maintains a low debt-to-equity ratio of 0.19, indicating financial stability.

TDK Corp. (OTCMKTS:TTDKY - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $13.00, but opened at $11.69. TDK shares last traded at $11.69, with a volume of 431 shares traded.

TDK Stock Up 2.5%

The company's 50 day simple moving average is $11.35 and its 200-day simple moving average is $10.94. The company has a current ratio of 1.67, a quick ratio of 1.30 and a debt-to-equity ratio of 0.19. The firm has a market cap of $25.53 billion, a P/E ratio of 25.26, a PEG ratio of 1.48 and a beta of 0.67.

TDK (OTCMKTS:TTDKY - Get Free Report) last posted 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. The company had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $529.65 billion. TDK had a return on equity of 8.31% and a net margin of 6.73%. 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.