Denso (OTCMKTS:DNZOY) Shares Gap Up – What’s Next?

Denso Corp. (OTCMKTS:DNZOY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $11.75, but opened at $12.2380. Denso shares last traded at $11.95, with a volume of 1,728 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. 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. Zacks Research raised shares of Denso from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Denso Stock Up 6.0%

The company has a market cap of $36.36 billion, a PE ratio of 13.58 and a beta of 1.04. The stock has a 50-day moving average of $13.35 and a 200-day moving average of $13.75. The company has a quick ratio of 1.28, a current ratio of 1.91 and a debt-to-equity ratio of 0.10.

Denso (OTCMKTS:DNZOY) last announced its earnings results on Tuesday, February 3rd. The company reported $0.34 earnings per share for the quarter, beating 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 business had revenue of $12.24 billion for the quarter, compared to the consensus estimate of $11.88 billion. Sell-side analysts predict 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.