TDK (OTCMKTS:TTDKY) Stock Rating Upgraded by Zacks Investment Research

TDK (OTCMKTS:TTDKYGet Rating) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Friday, 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) “

TTDKY traded up $0.30 during midday trading on Friday, reaching $31.19. The company’s stock had a trading volume of 28,863 shares, compared to its average volume of 46,694. The company has a current ratio of 1.29, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $32.92 and a 200 day simple moving average of $37.12. The stock has a market cap of $12.12 billion, a P/E ratio of 8.08, a PEG ratio of 0.48 and a beta of 1.16. TDK has a twelve month low of $30.11 and a twelve month high of $44.46.

About TDK (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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