Denso (OTCMKTS:DNZOY) Shares Gap Down – Time to Sell?

Denso Corp. (OTCMKTS:DNZOY) shares gapped down prior to trading on Monday . The stock had previously closed at $12.17, but opened at $11.63. Denso shares last traded at $11.6450, with a volume of 3,340 shares trading hands.

Analysts Set New Price Targets

DNZOY has been the topic of a number of recent research reports. Citigroup downgraded Denso from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Zacks Research upgraded Denso from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Denso Price Performance

The stock has a market capitalization of $33.77 billion, a P/E ratio of 10.84 and a beta of 0.97. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 1.91. The stock has a 50-day simple moving average of $12.11 and a 200 day simple moving average of $13.17.

Denso (OTCMKTS:DNZOY) last announced its quarterly earnings data on Monday, April 27th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Denso had a return on equity of 8.29% and a net margin of 5.82%.The firm had revenue of $12.80 billion for the quarter, compared to analyst estimates of $11.85 billion. On average, equities analysts forecast that Denso Corp. will post 0.95 earnings per share for the current fiscal 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.