Denso (OTCMKTS:DNZOY) Shares Gap Down – Here’s Why

Denso Corp. (OTCMKTS:DNZOY) shares gapped down before the market opened on Monday . The stock had previously closed at $13.17, but opened at $12.22. Denso shares last traded at $12.48, with a volume of 4,861 shares changing hands.

Wall Street Analyst Weigh In

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

Denso Stock Up 1.4%

The stock has a market cap of $36.77 billion, a PE ratio of 13.73 and a beta of 1.04. The business has a fifty day moving average of $13.94 and a 200-day moving average of $14.03. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.91 and a quick ratio of 1.28.

Denso (OTCMKTS:DNZOY) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $12.24 billion for the quarter, compared to the consensus estimate of $11.88 billion. Denso had a return on equity of 7.23% and a net margin of 5.12%. Equities research analysts anticipate that Denso Corp. will post 1.05 earnings per share for the current year.

About Denso

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.