TDK (OTCMKTS:TTDKY) Releases Earnings Results, Beats Expectations By $0.50 EPS

TDK (OTCMKTS:TTDKY) announced its earnings results on Tuesday. The technology company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.50, Yahoo Finance reports. TDK had a net margin of 5.89% and a return on equity of 7.54%. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.29 billion.

TDK Trading Up 10.9 %

Shares of TTDKY stock traded up $7.03 during mid-day trading on Wednesday, reaching $71.58. 35,000 shares of the company’s stock traded hands, compared to its average volume of 23,156. TDK has a 12 month low of $33.66 and a 12 month high of $71.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.30 and a current ratio of 1.70. The company’s 50-day moving average price is $60.00 and its 200-day moving average price is $53.22.

About TDK

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.