Denso (OTCMKTS:DNZOY) Shares Gap Up – What’s Next?

Denso Corp. (OTCMKTS:DNZOY)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $11.70, but opened at $12.27. Denso shares last traded at $11.76, with a volume of 2,714 shares traded.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Denso from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. Three analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Denso Stock Performance

The stock has a market capitalization of $34.15 billion, a PE ratio of 11.39 and a beta of 0.95. The company has a current ratio of 2.12, a quick ratio of 1.44 and a debt-to-equity ratio of 0.19. The firm’s 50-day simple moving average is $11.95 and its two-hundred day simple moving average is $11.96.

Denso (OTCMKTS:DNZOY) last issued its earnings results on Thursday, July 30th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $11.42 billion. Denso had a net margin of 5.59% and a return on equity of 7.85%. On average, equities research analysts expect that Denso Corp. will post 0.89 earnings per share for the current fiscal year.

About Denso

DENSO Corporation is a Japan-based global automotive supplier that develops and manufactures technologies and components for vehicle manufacturers and mobility customers. Its products support vehicle thermal management, electrification, powertrain systems, vehicle motion control, cockpit and connectivity functions, and advanced safety.

The company’s offerings include air-conditioning and refrigeration systems, compressors, alternators, starters, fuel-injection and engine-management components, electric motors, inverters, sensors, electronic control units, and driver-assistance technologies.