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

Denso Corp. (OTCMKTS:DNZOY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $12.56, but opened at $13.10. Denso shares last traded at $13.13, with a volume of 37,360 shares trading hands.

Analysts Set New Price Targets

DNZOY has been the subject of several recent research reports. Zacks Research upgraded shares of Denso from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. UBS Group downgraded Denso from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Denso Stock Up 5.1%

The stock has a 50-day moving average of $14.33 and a 200-day moving average of $13.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.80 and a quick ratio of 1.25. The firm has a market cap of $38.44 billion, a price-to-earnings ratio of 13.90 and a beta of 1.04.

Denso (OTCMKTS:DNZOY) last released its earnings results on Friday, October 31st. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Denso had a return on equity of 7.67% and a net margin of 5.62%.The company had revenue of $11.91 billion for the quarter, compared to analyst estimates of $11.67 billion. Sell-side analysts predict that Denso Corp. will post 1.05 EPS for the current fiscal year.

Denso Company Profile

DENSO Corporation engages in the manufacture and sale of automotive parts in Japan, rest of Asia, North America, Europe, and internationally. The company offers air-conditioning systems, including thermal management heat pump system, heat pump air-conditioning systems, refrigerant products, personal heating and cooling devices, air quality system, heat exchangers, bus air-conditioning systems, automotive freezers, and cooling products, as well as heating, ventilation, and air-conditioning units.