TDK (OTCMKTS:TTDKY) Stock Crosses Above 50 Day Moving Average - Here's What Happened

TDK Corp. (OTCMKTS:TTDKY - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.97 and traded as high as $11.60. TDK shares last traded at $11.43, with a volume of 60,885 shares trading hands.

TDK Stock Up 0.4%

The firm's fifty day moving average is $11.00 and its two-hundred day moving average is $10.93. The firm has a market cap of $24.39 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 1.34 and a beta of 0.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.63 and a quick ratio of 1.28.

TDK (OTCMKTS:TTDKY - Get Free Report) last released its quarterly 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). 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 9.09% and a net margin of 7.57%. On average, sell-side analysts expect that TDK Corp. will post 0.61 EPS 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.