Denso (OTCMKTS:DNZOY) Shares Gap Up – Still a Buy?

Denso Corp. (OTCMKTS:DNZOY) gapped up prior to trading on Monday . The stock had previously closed at $11.50, but opened at $12.19. Denso shares last traded at $12.26, with a volume of 3,324 shares changing hands.

Analysts Set New Price Targets

Separately, Citigroup downgraded Denso from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Denso Stock Performance

The firm has a market cap of $35.75 billion, a price-to-earnings ratio of 11.48 and a beta of 0.96. The stock has a 50 day moving average of $11.78 and a 200 day moving average of $12.74. The company has a quick ratio of 1.28, a current ratio of 1.91 and a debt-to-equity ratio of 0.10.

Denso (OTCMKTS:DNZOY) last announced its quarterly earnings data on Monday, April 27th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $11.85 billion. Denso had a net margin of 5.82% and a return on equity of 8.29%. As a group, analysts anticipate that Denso Corp. will post 0.95 EPS for the current fiscal year.

Denso Company Profile

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.