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

Denso Corp. (OTCMKTS:DNZOY – Get Free Report)’s share price gapped up before the market opened on Thursday. The stock had previously closed at $11.70, but opened at $12.27. Denso shares last traded at $11.76, with a volume of 2,714 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Denso from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Three analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company has an average rating of “Hold”.

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Denso Stock Up 0.1%

The company has a market capitalization of $34.09 billion, a PE ratio of 11.37 and a beta of 0.95. The company has a current ratio of 2.12, a quick ratio of 1.44 and a debt-to-equity ratio of 0.19. The firm has a 50 day simple moving average of $11.97 and a two-hundred day simple moving average of $11.97.

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

Denso Company Profile

(Get Free Report)

DENSO Corporation is a Japan-based global automotive supplier that develops and manufactures technologies and components for vehicle manufacturers and mobility customers. Its products support vehicle thermal management, electrification, powertrain systems, vehicle motion control, cockpit and connectivity functions, and advanced safety.

The company’s offerings include air-conditioning and refrigeration systems, compressors, alternators, starters, fuel-injection and engine-management components, electric motors, inverters, sensors, electronic control units, and driver-assistance technologies.

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