Denso (OTCMKTS:DNZOY) Sees Strong Trading Volume – Still a Buy?

Denso Corp. (OTCMKTS:DNZOY) shares saw strong trading volume on Monday . 71,701 shares traded hands during mid-day trading, a decline of 37% from the previous session’s volume of 114,478 shares.The stock last traded at $12.25 and had previously closed at $11.98.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DNZOY. Zacks Research upgraded Denso from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. The Goldman Sachs Group lowered shares of Denso from a “strong-buy” rating to a “neutral” rating in a research report on Wednesday, January 7th. Four research 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 company has a current ratio of 1.91, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10. The firm has a market cap of $35.63 billion, a price-to-earnings ratio of 13.30 and a beta of 1.04. The stock has a fifty day moving average price of $13.82 and a 200 day moving average price of $13.96.

Denso (OTCMKTS:DNZOY) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The business 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%. As a group, analysts predict 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.