Denso (OTCMKTS:DNZOY) Sees Strong Trading Volume – Here’s Why

Shares of Denso Corp. (OTCMKTS:DNZOY) saw strong trading volume on Tuesday. 170,444 shares changed hands during mid-day trading, an increase of 6% from the previous session’s volume of 160,667 shares. The stock last traded at $11.71 and had previously closed at $11.53.

Wall Street Analyst Weigh In

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

Denso Stock Up 1.0%

The company has a 50-day moving average price of $12.03 and a 200 day moving average price of $11.99. The firm has a market capitalization of $33.91 billion, a PE ratio of 11.31 and a beta of 0.95. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.12 and a quick ratio of 1.44.

Denso (OTCMKTS:DNZOY) last released its earnings results on Thursday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.04). The business had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $11.42 billion. Denso had a return on equity of 7.85% and a net margin of 5.59%. Analysts forecast that Denso Corp. will post 0.89 earnings per share for the current year.

About Denso

DENSO Corporation (OTCMKTS:DNZOY) is a Japan-based global automotive supplier that develops and manufactures components and systems for vehicle manufacturers. The company serves automakers and mobility-related customers with technologies designed to improve vehicle safety, efficiency, comfort and environmental performance.

Its product portfolio includes thermal systems such as air-conditioning and refrigeration components, powertrain and electrification systems, automotive electronics, sensors, semiconductor-related products, cockpit and connectivity technologies, and advanced driver-assistance and safety systems.