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

Shares of Denso Corp. (OTCMKTS:DNZOY – Get Free Report) gapped up before the market opened 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.

Wall Street Analyst Weigh In

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

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Denso Stock Performance

The company’s 50-day moving average is $11.80 and its two-hundred day moving average is $12.73. 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 company has a market cap of $35.31 billion, a P/E ratio of 11.34 and a beta of 0.96.

Denso (OTCMKTS:DNZOY – Get Free Report) last released its earnings results on Monday, April 27th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Denso had a net margin of 5.82% and a return on equity of 8.29%. The firm had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $11.85 billion. Equities analysts predict that Denso Corp. will post 0.95 EPS for the current year.

Denso Company Profile

(Get Free Report)

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.

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