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

TDK (OTCMKTS:TTDKY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors 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) “

Shares of TDK stock opened at $145.22 on Friday. TDK has a one year low of $76.50 and a one year high of $175.64. The stock’s fifty day moving average is $143.92 and its 200 day moving average is $140.39. The stock has a market cap of $18.34 billion, a P/E ratio of 36.03, a P/E/G ratio of 1.07 and a beta of 1.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.03 and a current ratio of 1.39.

TDK (OTCMKTS:TTDKY) last issued its quarterly earnings results on Friday, January 29th. The technology company reported $2.40 earnings per share (EPS) for the quarter. TDK had a return on equity of 6.40% and a net margin of 4.11%. The business had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.31 billion. Analysts predict that TDK will post 6.23 EPS for the current year.

TDK Company Profile

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, Film Application Products, and Other segments.

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