TDK (OTCMKTS:TTDKY) Shares Gap Down – Here’s What Happened

Shares of TDK Corp. (OTCMKTS:TTDKY) gapped down before the market opened on Monday . The stock had previously closed at $21.18, but opened at $19.80. TDK shares last traded at $19.84, with a volume of 1,855,197 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of TDK from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

TDK Stock Up 1.3%

The stock has a 50-day moving average price of $22.07 and a 200-day moving average price of $16.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.53 and a quick ratio of 1.18. The company has a market capitalization of $38.94 billion, a P/E ratio of 29.03, a P/E/G ratio of 1.70 and a beta of 1.28.

TDK (OTCMKTS:TTDKY) last announced its earnings results on Tuesday, April 28th. The technology company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.05). The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.83 billion. TDK had a net margin of 7.87% and a return on equity of 10.01%. TDK has set its FY 2027 guidance at 0.760-0.760 EPS. On average, research analysts predict that TDK Corp. will post 0.75 EPS for the current fiscal year.

About TDK

TDK Corporation, founded in Japan in 1935, is a multinational electronics company that develops, manufactures and sells a broad range of electronic materials, components and systems. The company traces its origins to work on ferrite materials for magnetic applications and has since expanded into multiple product lines that serve the electronics industry worldwide. TDK is headquartered in Tokyo and operates through a network of manufacturing, research and sales facilities across Asia, Europe and the Americas.

TDK’s product portfolio includes passive components such as multilayer ceramic capacitors (MLCCs), film capacitors, inductors and ferrite cores; magnetic heads and related magnetic materials; sensor and sensor systems including MEMS-based motion sensors and other sensing devices; and power electronics including power supplies and modules.