TDK (OTCMKTS:TTDKY) Stock Price Passes Below 200 Day Moving Average – What’s Next?

TDK Co. (OTCMKTS:TTDKYGet Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $57.31 and traded as low as $12.59. TDK shares last traded at $12.73, with a volume of 44,574 shares.

TDK Stock Down 0.1 %

The stock has a 50-day moving average price of $61.63 and a 200-day moving average price of $57.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.30 and a current ratio of 1.69.

TDK (OTCMKTS:TTDKYGet Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The technology company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.50. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.29 billion. TDK had a return on equity of 9.83% and a net margin of 7.96%. On average, research analysts anticipate that TDK Co. will post 0.15 EPS for the current fiscal year.

TDK Company Profile

(Get Free Report)

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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