Denso (OTCMKTS:DNZOY) Shares Gap Down – Should You Sell?

Shares of Denso Corp. (OTCMKTS:DNZOY) gapped down before the market opened on Friday . The stock had previously closed at $13.62, but opened at $13.07. Denso shares last traded at $13.69, with a volume of 2,309 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DNZOY. UBS Group lowered Denso from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Zacks Research lowered shares of Denso from a “hold” rating to a “strong sell” rating in a research report on Friday, November 28th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Denso Stock Up 0.8%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.16 and a current ratio of 1.73. The stock’s fifty day simple moving average is $13.74 and its two-hundred day simple moving average is $13.92. The company has a market capitalization of $39.97 billion, a price-to-earnings ratio of 15.97 and a beta of 1.12.

Denso (OTCMKTS:DNZOY) last released its quarterly earnings results on Friday, October 31st. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). The firm had revenue of $11.91 billion for the quarter, compared to analyst estimates of $11.67 billion. Denso had a net margin of 4.92% and a return on equity of 6.84%. On average, sell-side analysts anticipate that Denso Corp. will post 1.05 EPS 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.