TDK (OTCMKTS:TTDKY) Stock Passes Above 50-Day Moving Average – Here’s Why

TDK Co. (OTCMKTS:TTDKY)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $12.73 and traded as high as $13.10. TDK shares last traded at $12.95, with a volume of 77,312 shares changing hands.

TDK Stock Up 1.3 %

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 stock’s 50 day moving average price is $12.73 and its 200-day moving average price is $44.94. The company has a market cap of $25.17 billion, a PE ratio of 21.16, a PEG ratio of 0.83 and a beta of 0.89.

TDK (OTCMKTS:TTDKY) last issued its earnings results on Friday, November 1st. The technology company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.12. The company had revenue of $3.84 billion during the quarter. TDK had a return on equity of 10.08% and a net margin of 8.23%. On average, analysts predict that TDK Co. will post 0.64 earnings per share for the current 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.