TDK (OTCMKTS:TTDKY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.
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) “
Separately, ValuEngine downgraded TDK from a “buy” rating to a “hold” rating in a research note on Monday, November 12th.
Shares of TDK stock traded down $5.25 during midday trading on Thursday, hitting $73.42. The company had a trading volume of 2,299 shares, compared to its average volume of 4,520. The company has a quick ratio of 1.07, a current ratio of 1.42 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $10.19 billion, a P/E ratio of 15.52, a PEG ratio of 0.93 and a beta of 1.44. TDK has a 52-week low of $75.74 and a 52-week high of $114.00.
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, Magnetic Application Products, Film Application Products, and Other segments. The Passive Components segment provides ceramic capacitors, aluminum electrolytic capacitors, film capacitors, high-frequency components, piezoelectric materials, circuit protection components, and sensors, as well as inductive devices, such as coils, ferrite cores, and transformers.
See Also: What does cost of debt say about a company’s financial health?
Get a free copy of the Zacks research report on TDK (TTDKY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TDK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TDK and related companies with MarketBeat.com's FREE daily email newsletter.