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

Denso Corp. (OTCMKTS:DNZOY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $14.94, but opened at $14.24. Denso shares last traded at $14.61, with a volume of 2,140 shares changing hands.

Analyst Upgrades and Downgrades

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

Denso Stock Down 2.5%

The stock has a market cap of $41.57 billion, a P/E ratio of 15.52 and a beta of 1.06. The company has a current ratio of 1.73, a quick ratio of 1.16 and a debt-to-equity ratio of 0.07. The firm’s fifty day moving average is $13.90 and its 200 day moving average is $14.07.

Denso (OTCMKTS:DNZOY) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $12.24 billion for the quarter, compared to the consensus estimate of $11.88 billion. Denso had a return on equity of 7.29% and a net margin of 5.12%. As a group, equities research analysts forecast that Denso Corp. will post 1.05 EPS for the current 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.