TDK (OTCMKTS:TTDKY) Share Price Crosses Below 200 Day Moving Average – Here’s Why

TDK Co. (OTCMKTS:TTDKYGet Free Report)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $50.48 and traded as low as $12.17. TDK shares last traded at $12.37, with a volume of 116,815 shares traded.

TDK Price Performance

The stock’s 50-day simple moving average is $33.33 and its two-hundred day simple moving average is $50.48. The company has a current ratio of 1.69, a quick ratio of 1.30 and a debt-to-equity ratio of 0.21.

TDK (OTCMKTS:TTDKYGet Free Report) last posted its earnings results on Friday, November 1st. The technology company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.12. TDK had a net margin of 8.23% and a return on equity of 10.08%. The business had revenue of $3.84 billion for the quarter. Equities analysts forecast that TDK Co. will post 0.14 earnings per share for the current fiscal year.

About TDK

(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.

Further Reading

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