Denso (OTCMKTS:DNZOY) Shares Gap Up – Should You Buy?

Shares of Denso Corp. (OTCMKTS:DNZOY) gapped up prior to trading on Friday . The stock had previously closed at $13.22, but opened at $13.6750. Denso shares last traded at $13.7620, with a volume of 3,797 shares changing hands.

Analyst Ratings Changes

DNZOY has been the subject of a number of analyst reports. UBS Group cut Denso from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Zacks Research raised Denso from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Denso Stock Performance

The firm has a fifty day simple moving average of $14.50 and a 200 day simple moving average of $13.92. The company has a current ratio of 1.80, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. The stock has a market cap of $40.29 billion, a price-to-earnings ratio of 14.57 and a beta of 1.04.

Denso (OTCMKTS:DNZOY) last released its quarterly earnings data 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 the consensus estimate of $11.67 billion. Denso had a net margin of 5.62% and a return on equity of 7.67%. As a group, sell-side analysts expect that Denso Corp. will post 1.05 earnings per share for the current year.

About Denso

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.