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

TDK Corp. (OTCMKTS:TTDKY - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $10.82, but opened at $11.21. TDK shares last traded at $11.21, with a volume of 506 shares traded.

TDK Stock Performance

The company has a quick ratio of 1.28, a current ratio of 1.63 and a debt-to-equity ratio of 0.18. The stock has a 50 day simple moving average of $10.91 and a 200 day simple moving average of $11.02. The company has a market capitalization of $22.04 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 1.29 and a beta of 0.69.

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

TDK Company Profile

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.