Denso (OTCMKTS:DNZOY) Shares Gap Up – Time to Buy?

Denso Corp. (OTCMKTS:DNZOY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $13.93, but opened at $14.72. Denso shares last traded at $14.72, with a volume of 1,043 shares changing hands.

Wall Street Analyst Weigh In

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

Denso Stock Down 1.9%

The company has a quick ratio of 1.16, a current ratio of 1.73 and a debt-to-equity ratio of 0.07. The company has a 50 day simple moving average of $13.86 and a two-hundred day simple moving average of $14.06. The company has a market capitalization of $42.65 billion, a P/E ratio of 15.92 and a beta of 1.06.

Denso (OTCMKTS:DNZOY) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The business had revenue of $12.24 billion during the quarter, compared to analyst estimates of $11.88 billion. Denso had a return on equity of 7.29% and a net margin of 5.12%. As a group, equities analysts predict that Denso Corp. will post 1.05 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.