TDK (OTCMKTS:TTDKY) Sees Strong Trading Volume – Time to Buy?

TDK Corp. (OTCMKTS:TTDKY) saw an uptick in trading volume on Tuesday. 266,125 shares were traded during trading, an increase of 6% from the average daily volume of 250,514 shares. The stock last traded at $14.06 and had previously closed at $14.07.

Wall Street Analysts Forecast Growth

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

TDK Stock Up 0.1%

The company has a current ratio of 1.47, a quick ratio of 1.11 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $27.38 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 0.81 and a beta of 1.42. The business’s 50-day simple moving average is $18.34 and its 200-day simple moving average is $17.94.

TDK (OTCMKTS:TTDKY) last issued its earnings results on Friday, October 30th. The technology company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $5.19 billion for the quarter, compared to the consensus estimate of $5.11 billion. TDK had a return on equity of 9.86% and a net margin of 8.27%. As a group, equities research analysts anticipate that TDK Corp. will post 0.91 EPS for the current fiscal year.

TDK Company Profile

TDK Corporation is a Japanese electronics company that develops and manufactures components and systems used in a wide range of electronic devices. Founded in 1935 to commercialize ferrite, a magnetic material, the company has grown into a global supplier serving customers across industries and regions.

Its products include passive components such as capacitors and inductors, sensors and sensor systems, magnetic application products, and energy-related products including rechargeable batteries.