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

Shares of Denso Corp. (OTCMKTS:DNZOY) gapped up before the market opened on Thursday. The stock had previously closed at $11.70, but opened at $12.27. Denso shares last traded at $11.76, with a volume of 2,714 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Denso from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. Three equities research analysts have rated the stock with a Hold rating. According to MarketBeat, Denso currently has a consensus rating of “Hold”.

Denso Stock Performance

The firm’s 50 day simple moving average is $11.97 and its 200-day simple moving average is $11.97. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.44 and a current ratio of 2.12. The company has a market cap of $34.09 billion, a price-to-earnings ratio of 11.37 and a beta of 0.95.

Denso (OTCMKTS:DNZOY) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $11.42 billion. Denso had a net margin of 5.59% and a return on equity of 7.85%. On average, sell-side analysts predict that Denso Corp. will post 0.89 EPS for the current year.

Denso Company Profile

DENSO Corporation is a Japan-based global automotive supplier that develops and manufactures technologies and components for vehicle manufacturers and mobility customers. Its products support vehicle thermal management, electrification, powertrain systems, vehicle motion control, cockpit and connectivity functions, and advanced safety.

The company’s offerings include air-conditioning and refrigeration systems, compressors, alternators, starters, fuel-injection and engine-management components, electric motors, inverters, sensors, electronic control units, and driver-assistance technologies.