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 $11.50, but opened at $12.19. Denso shares last traded at $12.26, with a volume of 3,324 shares changing hands.

Analysts Set New Price Targets

Separately, Citigroup lowered Denso from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Denso Stock Up 2.8%

The company has a quick ratio of 1.28, a current ratio of 1.91 and a debt-to-equity ratio of 0.10. The firm has a market cap of $35.75 billion, a P/E ratio of 11.48 and a beta of 0.96. The business has a fifty day moving average of $11.78 and a 200 day moving average of $12.74.

Denso (OTCMKTS:DNZOY) last posted its earnings results on Monday, April 27th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Denso had a return on equity of 8.29% and a net margin of 5.82%.The business had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $11.85 billion. On average, equities research analysts predict that Denso Corp. will post 0.95 EPS 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.