Denso (OTCMKTS:DNZOY) Shares Down 3.7% - What's Next?

Key Points

• Denso Corp. shares fell 3.7% to $14.18, with a significant drop in trading volume, reflecting investor concerns.
• Analysts have mixed opinions on Denso, with UBS downgrading it to a "hold" and Zacks upgrading it to a "hold," indicating a consensus rating of "hold."
• The company's recent earnings report showed a missed EPS estimate of $0.20 compared to the expected $0.28, alongside a substantial revenue figure of $11.78 billion.

Denso Corp. (OTCMKTS:DNZOY - Get Free Report) shares dropped 3.7% during trading on Wednesday . The stock traded as low as $14.18 and last traded at $14.18. Approximately 563 shares were traded during trading, a decline of 100% from the average daily volume of 154,734 shares. The stock had previously closed at $14.73.

Analysts Set New Price Targets

DNZOY has been the topic of several analyst reports. UBS Group downgraded Denso from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Zacks Research upgraded Denso from a "strong sell" rating to a "hold" rating in a research report on Monday, September 1st. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Denso currently has a consensus rating of "Hold".

Denso Price Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.80 and a quick ratio of 1.25. The company has a 50-day moving average price of $14.14 and a 200-day moving average price of $13.37. The firm has a market capitalization of $42.65 billion, a PE ratio of 15.42 and a beta of 0.97.

Denso (OTCMKTS:DNZOY - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.08). The company had revenue of $11.78 billion during the quarter, compared to analysts' expectations of $1,767.34 billion. Denso had a net margin of 5.62% and a return on equity of 7.67%. Sell-side analysts forecast that Denso Corp. will post 1.05 EPS for the current year.

Denso Company Profile

DENSO Corporation engages in the manufacture and sale of automotive parts in Japan, rest of Asia, North America, Europe, and internationally. The company offers air-conditioning systems, including thermal management heat pump system, heat pump air-conditioning systems, refrigerant products, personal heating and cooling devices, air quality system, heat exchangers, bus air-conditioning systems, automotive freezers, and cooling products, as well as heating, ventilation, and air-conditioning units.

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