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

Shares of Denso Corp. (OTCMKTS:DNZOY) gapped up prior to trading on Friday. The stock had previously closed at $12.10, but opened at $12.64. Denso shares last traded at $12.64, with a volume of 202 shares traded.

Analyst Ratings Changes

Separately, Zacks Research downgraded Denso from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Denso presently has a consensus rating of “Reduce”.

Denso Price Performance

The business has a 50-day moving average of $12.21 and a 200 day moving average of $12.03. 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 has a market capitalization of $34.94 billion, a P/E ratio of 11.65 and a beta of 0.94.

Denso (OTCMKTS:DNZOY) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). The firm 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, sell-side analysts predict that Denso Corp. will post 0.89 earnings per share for the current fiscal year.

Denso Company Profile

DENSO Corporation (OTCMKTS:DNZOY) is a Japan-based global automotive supplier that develops and manufactures components and systems for vehicle manufacturers. Its product portfolio includes thermal-management systems, air-conditioning and heating equipment, engine and powertrain components, fuel-injection systems, electrical and electronic components, and windshield wipers.

The company also provides technologies supporting vehicle electrification, advanced driver-assistance systems, automated driving, connected vehicles, and vehicle safety.