Denso (OTCMKTS:DNZOY) Shares Gap Down – Should You Sell?

Shares of Denso Corp. (OTCMKTS:DNZOY) gapped down before the market opened on Wednesday . The stock had previously closed at $12.49, but opened at $11.9552. Denso shares last traded at $12.2180, with a volume of 2,545 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. The Goldman Sachs Group downgraded shares of Denso from a “strong-buy” rating to a “neutral” rating in a report on Wednesday, January 7th. Zacks Research upgraded Denso from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, Denso currently has a consensus rating of “Hold”.

Denso Price Performance

The company has a market cap of $35.46 billion, a P/E ratio of 13.24 and a beta of 1.05. The firm’s 50-day moving average is $13.28 and its two-hundred day moving average is $13.73. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.91 and a quick ratio of 1.28.

Denso (OTCMKTS:DNZOY) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $12.24 billion during the quarter, compared to the consensus estimate of $11.88 billion. Denso had a net margin of 5.12% and a return on equity of 7.23%. Analysts anticipate that Denso Corp. will post 1.05 earnings per share for the current year.

Denso Company Profile

Denso Corporation (OTCMKTS: DNZOY) is a global supplier of automotive technology, systems and components headquartered in Kariya, Aichi Prefecture, Japan. The company designs, manufactures and supplies a wide range of parts and systems for original equipment manufacturers (OEMs) and the aftermarket. Denso’s offerings span thermal systems, powertrain control, electrification components, electronic modules, sensors and actuators, and vehicle safety and driver assistance technologies.

Key product areas include climate control and HVAC components, radiators and heat exchangers, engine and fuel-management systems, starters and alternators, electronic control units (ECUs), sensors, and a growing portfolio of electrification products such as inverters, battery-management systems and charging components.