TDK (OTCMKTS:TTDKY) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

TDK Co. (OTCMKTS:TTDKY) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $42.36 and traded as low as $12.78. TDK shares last traded at $12.94, with a volume of 76,447 shares changing hands.

TDK Price Performance

The stock has a fifty day moving average price of $12.88 and a 200-day moving average price of $42.05. 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 firm has a market capitalization of $25.37 billion, a PE ratio of 21.32, a P/E/G ratio of 0.83 and a beta of 0.89.

TDK (OTCMKTS:TTDKY) last announced its quarterly earnings data 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. The business had revenue of $3.84 billion for the quarter. TDK had a return on equity of 10.08% and a net margin of 8.23%. Sell-side analysts forecast that TDK Co. will post 0.64 EPS for the current fiscal year.

TDK Company Profile

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.