Denso (OTCMKTS:DNZOY) Shares Gap Down – What’s Next?

Denso Corp. (OTCMKTS:DNZOY) gapped down prior to trading on Wednesday . The stock had previously closed at $12.49, but opened at $11.9552. Denso shares last traded at $12.2180, with a volume of 2,545 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DNZOY shares. The Goldman Sachs Group lowered shares of Denso from a “strong-buy” rating to a “neutral” rating in a research report on Wednesday, January 7th. Zacks Research upgraded Denso from a “strong sell” rating to a “hold” rating in a report on Monday, January 26th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Denso Stock Performance

The firm has a fifty day moving average price of $13.35 and a 200 day moving average price of $13.75. The company has a current ratio of 1.91, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10. The firm has a market cap of $36.04 billion, a PE ratio of 13.46 and a beta of 1.04.

Denso (OTCMKTS:DNZOY) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. Denso had a net margin of 5.12% and a return on equity of 7.23%. The firm had revenue of $12.24 billion during the quarter, compared to analysts’ expectations of $11.88 billion. As a group, equities research analysts expect 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.