TDK (OTCMKTS:TTDKY) Stock Price Passes Above 50-Day Moving Average - What's Next?

Key Points

• TDK Corp.'s stock price recently crossed above its 50-day moving average of $11.92, trading as high as $13.05 before closing at $12.69.
• The company reported a $0.15 EPS for the last quarter, exceeding analysts' estimates, with revenue of $3.62 billion against a consensus estimate of $529.65 billion.
• TDK holds a market cap of $24.67 billion and a low debt-to-equity ratio of 0.22, indicating a strong financial position.

TDK Corp. (OTCMKTS:TTDKY - Get Free Report)'s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $11.92 and traded as high as $13.05. TDK shares last traded at $12.69, with a volume of 61,050 shares.

TDK Stock Performance

The firm's 50 day moving average price is $12.08 and its 200-day moving average price is $11.06. The firm has a market cap of $25.83 billion, a price-to-earnings ratio of 25.56, a P/E/G ratio of 1.46 and a beta of 0.67. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.65 and a quick ratio of 1.27.

TDK (OTCMKTS:TTDKY - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. The business had revenue of $3.62 billion for 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%. On average, analysts anticipate that TDK Corp. will post 0.61 earnings per share for the current 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.