TDK (OTCMKTS:TTDKY) Stock Price Breaks Above 200-Day Moving Average – Here’s What Happened

TDK Corp. (OTCMKTS:TTDKY) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $17.86 and traded as high as $18.05. TDK shares last traded at $17.92, with a volume of 140,180 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of TDK from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 20th. Two research analysts have rated the stock with a Strong Buy rating. According to data from MarketBeat, TDK presently has a consensus rating of “Strong Buy”.

TDK Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.47 and a quick ratio of 1.11. The company has a market capitalization of $34.83 billion, a PE ratio of 26.35, a PEG ratio of 0.84 and a beta of 1.36. The firm has a 50-day moving average of $18.93 and a 200 day moving average of $17.86.

TDK Company Profile

TDK Corporation is a Japanese electronics company that develops and manufactures electronic components, materials and systems for consumer electronics, automotive, communications, industrial and energy-related applications. The company’s products include passive components such as capacitors and inductors, magnetic materials and components, sensors, power supplies, electronic modules and rechargeable batteries.

TDK is also active in energy storage through its lithium-ion and other battery technologies, which are used in mobile devices, electric vehicles, industrial equipment and energy-storage applications.