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

Denso Corp. (OTCMKTS:DNZOY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $13.93, but opened at $14.72. Denso shares last traded at $14.72, with a volume of 1,043 shares traded.

Analyst Ratings Changes

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

Denso Trading Up 0.6%

The company’s 50 day moving average price is $13.79 and its two-hundred day moving average price is $14.05. The firm has a market cap of $43.17 billion, a PE ratio of 16.12 and a beta of 1.06. The company has a quick ratio of 1.16, a current ratio of 1.73 and a debt-to-equity ratio of 0.07.

Denso (OTCMKTS:DNZOY) last released its earnings results on Tuesday, February 3rd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The business had revenue of $12.24 billion during 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, sell-side analysts forecast that Denso Corp. will post 1.05 EPS for the current 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.