Denso (OTCMKTS:DNZOY) Sees Large Volume Increase – Should You Buy?

Shares of Denso Corp. (OTCMKTS:DNZOY) saw unusually-strong trading volume on Monday . Approximately 71,701 shares traded hands during mid-day trading, a decline of 37% from the previous session’s volume of 114,478 shares.The stock last traded at $12.25 and had previously closed at $11.98.

Wall Street Analysts Forecast Growth

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

Denso Price Performance

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 business’s 50-day simple moving average is $13.75 and its 200 day simple moving average is $13.93. The firm has a market capitalization of $35.66 billion, a P/E ratio of 13.32 and a beta of 1.04.

Denso (OTCMKTS:DNZOY) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $11.88 billion. Sell-side analysts forecast 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.