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

Denso Corp. (OTCMKTS:DNZOY – Get Free Report) shares gapped up before the market opened on Friday. The stock had previously closed at $12.10, but opened at $12.64. Denso shares last traded at $12.64, with a volume of 202 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Denso from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Denso currently has a consensus rating of “Reduce”.

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Denso Price Performance

The firm has a market capitalization of $34.94 billion, a P/E ratio of 11.65 and a beta of 0.94. The company has a fifty day moving average of $12.21 and a 200 day moving average of $12.03. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.12 and a quick ratio of 1.44.

Denso (OTCMKTS:DNZOY – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.04). Denso had a return on equity of 7.85% and a net margin of 5.59%.The firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $11.42 billion. Sell-side analysts predict that Denso Corp. will post 0.89 earnings per share for the current year.

Denso Company Profile

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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.

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