TDK (OTCMKTS:TTDKY) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of TDK Co. (OTCMKTS:TTDKY) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $42.36 and traded as low as $12.78. TDK shares last traded at $12.94, with a volume of 76,447 shares.

TDK Trading Down 0.2 %

The stock’s 50-day simple moving average is $12.86 and its 200-day simple moving average is $42.36. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.25 and a current ratio of 1.60. The firm has a market capitalization of $25.15 billion, a PE ratio of 21.14, a P/E/G ratio of 0.83 and a beta of 0.89.

TDK (OTCMKTS:TTDKY) last released its quarterly earnings results on Friday, November 1st. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.12. The company had revenue of $3.84 billion during the quarter. TDK had a net margin of 8.23% and a return on equity of 10.08%. As a group, sell-side analysts expect that TDK Co. will post 0.64 EPS for the current fiscal year.

About TDK

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.