Denso (OTCMKTS:DNZOY) Shares Gap Up – Here’s What Happened

Denso Corp. (OTCMKTS:DNZOY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $13.22, but opened at $13.6750. Denso shares last traded at $13.7620, with a volume of 3,797 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have commented on DNZOY shares. Zacks Research upgraded shares of Denso from a “strong sell” rating to a “hold” rating in a research report on Monday, September 1st. UBS Group cut shares of Denso from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Denso Stock Performance

The stock has a 50-day moving average of $14.50 and a 200-day moving average of $13.92. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.80. The firm has a market cap of $40.29 billion, a price-to-earnings ratio of 14.57 and a beta of 1.04.

Denso (OTCMKTS:DNZOY) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.31). Denso had a net margin of 5.62% and a return on equity of 7.67%. The company had revenue of $11.91 billion during the quarter, compared to the consensus estimate of $11.67 billion. As a group, analysts anticipate that Denso Corp. will post 1.05 EPS for the current fiscal year.

Denso Company Profile

DENSO Corporation engages in the manufacture and sale of automotive parts in Japan, rest of Asia, North America, Europe, and internationally. The company offers air-conditioning systems, including thermal management heat pump system, heat pump air-conditioning systems, refrigerant products, personal heating and cooling devices, air quality system, heat exchangers, bus air-conditioning systems, automotive freezers, and cooling products, as well as heating, ventilation, and air-conditioning units.