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

Denso Corp. (OTCMKTS:DNZOY) gapped down prior to trading on Monday . The stock had previously closed at $12.17, but opened at $11.63. Denso shares last traded at $11.6450, with a volume of 3,340 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Citigroup cut Denso from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Zacks Research upgraded Denso from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Denso has an average rating of “Hold”.

Denso Price Performance

The stock has a market cap of $33.91 billion, a PE ratio of 10.89 and a beta of 0.97. The firm has a fifty day moving average of $12.06 and a 200 day moving average of $13.12. 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 posted its earnings results on Monday, April 27th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm had revenue of $12.80 billion for the quarter, compared to analyst estimates of $11.85 billion. Denso had a return on equity of 8.29% and a net margin of 5.82%. On average, equities research 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.