TDK (OTCMKTS:TTDKY) Stock Crosses Above Fifty Day Moving Average - Time to Sell?

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.

Shares of 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 $11.92 and traded as high as $13.05. TDK shares last traded at $12.69, with a volume of 61,050 shares traded.

TDK Price Performance

The company's 50-day moving average price is $12.12 and its 200-day moving average price is $11.06. 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 has a market cap of $25.08 billion, a P/E ratio of 24.81, a P/E/G ratio of 1.44 and a beta of 0.72.

TDK (OTCMKTS:TTDKY - Get Free Report) last issued 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. TDK had a net margin of 6.73% and a return on equity of 8.25%. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $529.65 billion. As a group, sell-side 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.