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

Denso Corp. (OTCMKTS:DNZOY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $14.94, but opened at $14.24. Denso shares last traded at $14.61, with a volume of 2,140 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DNZOY shares. The Goldman Sachs Group cut shares of Denso from a “strong-buy” rating to a “neutral” rating in a research note on Wednesday, January 7th. Zacks Research raised shares of Denso from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Denso Stock Down 2.2%

The stock has a market cap of $42.55 billion, a price-to-earnings ratio of 15.89 and a beta of 1.06. The company has a quick ratio of 1.16, a current ratio of 1.73 and a debt-to-equity ratio of 0.07. The business’s fifty day moving average is $13.86 and its two-hundred day moving average is $14.06.

Denso (OTCMKTS:DNZOY) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. The business had revenue of $12.24 billion during the quarter, compared to analysts’ expectations of $11.88 billion. Denso had a return on equity of 7.29% and a net margin of 5.12%. Equities analysts forecast 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.