Denso (OTCMKTS:DNZOY) Sees Large Volume Increase – Time to Buy?

Denso Corp. (OTCMKTS:DNZOY) saw unusually-strong trading volume on Tuesday . Approximately 317,460 shares traded hands during trading, an increase of 201% from the previous session’s volume of 105,572 shares.The stock last traded at $12.8350 and had previously closed at $12.81.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Zacks Research upgraded Denso from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. The Goldman Sachs Group downgraded Denso from a “strong-buy” rating to a “neutral” rating in a report on Wednesday, January 7th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Denso currently has an average rating of “Hold”.

Denso Stock Performance

The stock’s 50-day simple moving average is $13.92 and its 200 day simple moving average is $14.02. The company has a market capitalization of $37.12 billion, a PE ratio of 13.86 and a beta of 1.04. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 1.91.

Denso (OTCMKTS:DNZOY) last issued 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. The firm had revenue of $12.24 billion during the quarter, compared to the consensus estimate of $11.88 billion. Denso had a net margin of 5.12% and a return on equity of 7.23%. As a group, research analysts expect that Denso Corp. will post 1.05 earnings per share for the current fiscal 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.