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

Denso Corp. (OTCMKTS:DNZOY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $13.71, but opened at $12.99. Denso shares last traded at $13.51, with a volume of 18,459 shares changing hands.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. The Goldman Sachs Group cut Denso from a “strong-buy” rating to a “neutral” rating in a research report on Wednesday. Zacks Research lowered shares of Denso from a “hold” rating to a “strong sell” rating in a report on Friday, November 28th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Denso Stock Up 2.9%

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 business has a 50-day moving average price of $13.45 and a 200 day moving average price of $13.96. The stock has a market capitalization of $40.81 billion, a P/E ratio of 16.30 and a beta of 1.07.

Denso (OTCMKTS:DNZOY) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Denso had a return on equity of 6.84% and a net margin of 4.92%.The firm had revenue of $11.91 billion during the quarter, compared to analyst estimates of $11.67 billion. On average, equities analysts expect that Denso Corp. will post 1.05 EPS for the current fiscal year.

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.