Denso (OTCMKTS:DNZOY) Shares Gap Up – Still a Buy?

Shares of Denso Corp. (OTCMKTS:DNZOY) gapped up prior to trading on Wednesday . The stock had previously closed at $12.3380, but opened at $12.82. Denso shares last traded at $12.33, with a volume of 12,672 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Denso from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Denso Stock Up 0.8%

The company has a quick ratio of 1.44, a current ratio of 2.12 and a debt-to-equity ratio of 0.19. The stock’s 50-day simple moving average is $12.17 and its 200 day simple moving average is $12.10. The firm has a market cap of $36.01 billion, a P/E ratio of 12.01 and a beta of 0.94.

Denso (OTCMKTS:DNZOY) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.04). The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $11.42 billion. Denso had a return on equity of 7.85% and a net margin of 5.59%. As a group, research analysts forecast that Denso Corp. will post 0.89 EPS for the current fiscal year.

Denso Company Profile

DENSO Corporation (OTCMKTS:DNZOY) is a Japan-based global automotive supplier that develops and manufactures components and systems for vehicle manufacturers. Its product portfolio includes thermal-management systems, air-conditioning and heating equipment, engine and powertrain components, fuel-injection systems, electrical and electronic components, and windshield wipers.

The company also provides technologies supporting vehicle electrification, advanced driver-assistance systems, automated driving, connected vehicles, and vehicle safety.