Denso (OTCMKTS:DNZOY) Shares Gap Up – What’s Next?

Denso Corp. (OTCMKTS:DNZOY – Get Free Report)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $12.3380, but opened at $12.82. Denso shares last traded at $12.33, with a volume of 12,672 shares.

Analyst Ratings Changes

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

Get Denso alerts:

View Our Latest Report on DNZOY

Denso Price Performance

The stock has a fifty day moving average of $12.19 and a 200 day moving average of $12.07. The stock has a market cap of $36.21 billion, a price-to-earnings ratio of 12.08 and a beta of 0.94. 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 posted its quarterly earnings results on Thursday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Denso had a return on equity of 7.85% and a net margin of 5.59%.The business had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $11.42 billion. On average, analysts expect that Denso Corp. will post 0.89 EPS for the current fiscal year.

Denso Company Profile

(Get Free Report)

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.

See Also

• Five stocks we like better than Denso
• Aeluma’s Selloff Could Be Setting Up Its Next Big Move
• Crypto Bill Stalls, Smart Money Calls: Time to Buy the Dip?
• The September Scramble: Find Sanctuary in These 3 Defensive Dividend Stocks
• The Fed’s Rate Hike Could Backfire If Oil Prices Collapse

Receive News & Ratings for Denso Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denso and related companies with MarketBeat.com's FREE daily email newsletter.