Denso (OTCMKTS:DNZOY) Sees Large Volume Increase – Here’s What Happened

Shares of Denso Corp. (OTCMKTS:DNZOY) saw strong trading volume on Tuesday . 142,526 shares changed hands during trading, an increase of 5% from the previous session’s volume of 135,971 shares.The stock last traded at $12.9630 and had previously closed at $13.10.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Zacks Research cut shares of Denso from a “hold” rating to a “strong sell” rating in a research report on Friday, November 28th. UBS Group downgraded shares of Denso from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Denso presently has an average rating of “Reduce”.

Denso Stock Up 1.8%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.25 and a current ratio of 1.73. The stock’s fifty day simple moving average is $14.04 and its two-hundred day simple moving average is $13.92. The stock has a market capitalization of $38.34 billion, a P/E ratio of 15.05 and a beta of 1.12.

Denso (OTCMKTS:DNZOY) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). The business had revenue of $11.91 billion for the quarter, compared to analyst estimates of $11.67 billion. Denso had a return on equity of 6.84% and a net margin of 4.92%. As a group, research analysts expect that Denso Corp. will post 1.05 EPS for the current fiscal year.

Denso Company Profile

DENSO Corporation engages in the manufacture and sale of automotive parts in Japan, rest of Asia, North America, Europe, and internationally. The company offers air-conditioning systems, including thermal management heat pump system, heat pump air-conditioning systems, refrigerant products, personal heating and cooling devices, air quality system, heat exchangers, bus air-conditioning systems, automotive freezers, and cooling products, as well as heating, ventilation, and air-conditioning units.