Denso (OTCMKTS:DNZOY) Shares Up 4.2% – Here’s What Happened

Shares of Denso Corp. (OTCMKTS:DNZOY) shot up 4.2% during mid-day trading on Thursday . The company traded as high as $12.67 and last traded at $12.67. 496 shares were traded during mid-day trading, a decline of 100% from the average session volume of 167,182 shares. The stock had previously closed at $12.1590.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Denso from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 12th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Denso has an average rating of “Reduce”.

Denso Price Performance

The company has a current ratio of 2.12, a quick ratio of 1.44 and a debt-to-equity ratio of 0.19. The stock has a 50 day simple moving average of $12.17 and a 200-day simple moving average of $12.15. The firm has a market cap of $36.47 billion, a PE ratio of 12.17 and a beta of 0.94.

Denso (OTCMKTS:DNZOY) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Denso had a return on equity of 7.85% and a net margin of 5.59%.The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $11.42 billion. Equities analysts anticipate that Denso Corp. will post 0.89 earnings per share for the current fiscal year.

Denso Company Profile

DENSO Corporation (OTCMKTS:DNZOY) is a Japan-based global automotive supplier that develops and manufactures components and systems for vehicle manufacturers. Its product portfolio includes thermal-management systems, air-conditioning and heating equipment, engine and powertrain components, fuel-injection systems, electrical and electronic components, and windshield wipers.

The company also provides technologies supporting vehicle electrification, advanced driver-assistance systems, automated driving, connected vehicles, and vehicle safety.