Denso (OTCMKTS:DNZOY) Shares Gap Down – Time to Sell?

Denso Corp. (OTCMKTS:DNZOY) shares gapped down before the market opened on Wednesday. The stock had previously closed at $12.24, but opened at $11.75. Denso shares last traded at $11.70, with a volume of 60,855 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Denso from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Three investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Denso Stock Down 1.5%

The company has a quick ratio of 1.44, a current ratio of 2.12 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $11.89 and a 200-day moving average price of $12.27. The firm has a market capitalization of $34.16 billion, a PE ratio of 11.39 and a beta of 0.92.

Denso (OTCMKTS:DNZOY) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05). The company had revenue of $12.20 billion for the quarter, compared to analysts’ expectations of $11.99 billion. Denso had a return on equity of 7.74% and a net margin of 5.57%. Equities research analysts forecast that Denso Corp. will post 0.89 earnings per share for the current fiscal year.

Denso Company Profile

DENSO Corporation is a Japanese mobility and automotive technology supplier that develops and manufactures components and systems for vehicle makers and other customers. Its products include thermal systems, powertrain and electrification components, automotive electronics, and technologies for vehicle safety and mobility. Founded in 1949 as Nippon Denso Co., Ltd., the company became independent from Toyota Motor Corporation and later adopted the name DENSO Corporation. It is headquartered in Kariya, Aichi Prefecture, Japan.