TDK (OTCMKTS:TTDKY) Rating Lowered to Sell at Zacks Investment Research

TDK (OTCMKTS:TTDKYGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “TDK Corp. has a portfolio of technologies originally developed for its businesses involving electronic materials, components and devices, semiconductor, recording media and data storage devices. Its technical leadership includes materials research and development for dielectric, organic and semiconductor materials, process technologies for thick and thin film, metal, semiconductors and integration technologies. TDK technologies can be found in multimedia, video, television, personal computers, mobile communications, and semiconductors. (PRESS RELEASE) “

Shares of TTDKY stock traded up $0.61 on Wednesday, hitting $32.22. The stock had a trading volume of 98,150 shares, compared to its average volume of 38,930. The firm has a market capitalization of $12.53 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 0.49 and a beta of 1.12. The stock’s 50 day moving average is $35.89 and its 200-day moving average is $40.70. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.95 and a current ratio of 1.29. TDK has a 52-week low of $30.84 and a 52-week high of $47.69.

TDK (OTCMKTS:TTDKYGet Rating) last announced its earnings results on Monday, January 31st. The technology company reported $1.09 earnings per share for the quarter. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.85 billion. TDK had a net margin of 6.88% and a return on equity of 11.07%. Equities analysts expect that TDK will post 2.81 earnings per share for the current year.

TDK Company Profile (Get Rating)

TDK Corporation, together with its subsidiaries, manufactures and sells 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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