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

Denso Corp. (OTCMKTS:DNZOY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $12.14, but opened at $11.57. Denso shares last traded at $12.51, with a volume of 2,878 shares traded.

Analyst Ratings Changes

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

Denso Stock Performance

The stock’s 50 day moving average price is $12.98 and its 200 day moving average price is $13.55. The company has a current ratio of 1.91, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10. The firm has a market cap of $34.79 billion, a PE ratio of 12.99 and a beta of 1.05.

Denso (OTCMKTS:DNZOY) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Denso had a net margin of 5.12% and a return on equity of 7.23%. The firm had revenue of $12.24 billion during the quarter, compared to analysts’ expectations of $11.88 billion. As a group, equities analysts forecast that Denso Corp. will post 1.05 earnings per share for the current fiscal 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.