Denso (OTCMKTS:DNZOY) Shares Gap Down – Time to Sell?

Denso Corp. (OTCMKTS:DNZOY) shares gapped down prior to trading on Monday . The stock had previously closed at $12.15, but opened at $11.71. Denso shares last traded at $11.71, with a volume of 189 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Denso from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Denso Stock Performance

The business’s 50-day moving average price is $12.20 and its 200-day moving average price is $12.04. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.44 and a current ratio of 2.12. The stock has a market cap of $35.51 billion, a P/E ratio of 11.84 and a beta of 0.94.

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

About Denso

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.