Denso (OTCMKTS:DNZOY) Shares Gap Down – Should You Sell?

Denso Corp. (OTCMKTS:DNZOY) shares gapped down prior to trading on Monday . The stock had previously closed at $13.17, but opened at $12.22. Denso shares last traded at $12.48, with a volume of 4,861 shares trading hands.

Wall Street Analysts Forecast Growth

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

Denso Trading Down 0.2%

The business’s 50-day moving average is $13.90 and its two-hundred day moving average is $14.01. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 1.91. The stock has a market capitalization of $37.20 billion, a PE ratio of 13.89 and a beta of 1.04.

Denso (OTCMKTS:DNZOY) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Denso had a net margin of 5.12% and a return on equity of 7.23%. The company had revenue of $12.24 billion during the quarter, compared to the consensus estimate of $11.88 billion. As a group, equities research analysts anticipate that Denso Corp. will post 1.05 earnings per share 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.