Denso (OTCMKTS:DNZOY) Shares Gap Down on Disappointing Earnings

Denso Corp. (OTCMKTS:DNZOY) shares gapped down before the market opened on Friday following a dissappointing earnings announcement. The stock had previously closed at $13.42, but opened at $12.17. Denso shares last traded at $12.18, with a volume of 1,075 shares changing hands.

The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.04). Denso had a return on equity of 8.14% and a net margin of 5.82%.

Analyst Ratings Changes

Separately, Citigroup cut shares of Denso from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Denso Trading Down 11.9%

The company has a current ratio of 2.09, a quick ratio of 1.41 and a debt-to-equity ratio of 0.10. The stock has a 50 day simple moving average of $11.93 and a 200-day simple moving average of $12.55. The firm has a market cap of $35.54 billion, a P/E ratio of 11.41 and a beta of 0.96.

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.