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

Key Points

• TDK Corp. (OTCMKTS:TTDKY) shares surpassed their 50-day moving average of $12.67, trading as high as $13.82 with a volume of 42,631 shares.
• The company reported $0.15 earnings per share (EPS), exceeding analysts' expectations of $0.14, and had quarterly revenue of $3.62 billion.
• TDK Corp. has a market capitalization of $26.86 billion and a PE ratio of 26.58, indicating strong market valuation relative to its earnings.

TDK Corp. (OTCMKTS:TTDKY - Get Free Report) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $12.67 and traded as high as $13.82. TDK shares last traded at $13.82, with a volume of 42,631 shares changing hands.

TDK Stock Down 3.8%

The company has a market cap of $27.84 billion, a P/E ratio of 27.54, a P/E/G ratio of 1.60 and a beta of 0.72. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.65 and a quick ratio of 1.27. The company's 50-day moving average is $12.86 and its two-hundred day moving average is $11.35.

TDK (OTCMKTS:TTDKY - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The technology company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $529.65 billion. TDK had a net margin of 6.73% and a return on equity of 8.25%. As a group, equities analysts predict 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.