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

Key Points

• TDK Corp.'s stock price has risen above its 50-day moving average of $12.20, reaching a high of $13.00 during trading, with the last price reported at $12.81.
• The company posted quarterly earnings of $0.15 per share, beating analyst expectations, and reported revenue of $3.62 billion.
• TDK has a market capitalization of $24.90 billion and a low debt-to-equity ratio of 0.22, indicating strong financial health.

Shares of TDK Corp. (OTCMKTS:TTDKY - Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.20 and traded as high as $13.00. TDK shares last traded at $12.81, with a volume of 107,662 shares changing hands.

TDK Stock Performance

The stock has a market capitalization of $24.90 billion, a P/E ratio of 24.64, a PEG ratio of 1.44 and a beta of 0.72. The company has a quick ratio of 1.27, a current ratio of 1.65 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average price of $12.20 and a two-hundred day moving average price of $11.09.

TDK (OTCMKTS:TTDKY - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The technology company reported $0.15 EPS 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 analysts' expectations of $529.65 billion. TDK had a net margin of 6.73% and a return on equity of 8.25%. Equities analysts expect 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.

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