Denso (OTCMKTS:DNZOY) Sees Large Volume Increase – Should You Buy?

Denso Corp. (OTCMKTS:DNZOY) shares saw unusually-strong trading volume on Monday . Approximately 350,268 shares traded hands during mid-day trading, an increase of 286% from the previous session’s volume of 90,704 shares.The stock last traded at $14.74 and had previously closed at $14.28.

Analysts Set New Price Targets

DNZOY has been the topic of several recent analyst reports. Zacks Research upgraded Denso from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. The Goldman Sachs Group downgraded Denso from a “strong-buy” rating to a “neutral” rating in a research note on Wednesday, January 7th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Denso currently has a consensus rating of “Hold”.

Denso Stock Up 3.2%

The firm has a 50 day moving average of $13.97 and a two-hundred day moving average of $14.06. The stock has a market capitalization of $40.03 billion, a PE ratio of 14.95 and a beta of 1.04. The company has a current ratio of 1.91, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10.

Denso (OTCMKTS:DNZOY) last posted its earnings results on Tuesday, February 3rd. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Denso had a return on equity of 7.23% and a net margin of 5.12%.The company had revenue of $12.24 billion for the quarter, compared to the consensus estimate of $11.88 billion. Equities research 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.