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

Denso Corp. (OTCMKTS:DNZOY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $12.49, but opened at $11.9552. Denso shares last traded at $12.2180, with a volume of 2,545 shares trading hands.

Analyst Ratings Changes

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

Denso Trading Down 0.9%

The company has a current ratio of 1.91, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $36.04 billion, a price-to-earnings ratio of 13.46 and a beta of 1.04. The company has a fifty day moving average of $13.35 and a 200-day moving average of $13.75.

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