Denso (OTCMKTS:DNZOY) Shares Gap Down - Here's What Happened

Key Points

• Denso shares experienced a gap down opening, falling from a prior close of $14.84 to an opening price of $14.50, with the last trading price at $14.60.
• Recent analyst reports resulted in a mixed outlook, with Zacks upgrading the rating from "strong sell" to "hold", while UBS downgraded from "strong buy" to "hold".
• The company reported quarterly earnings of $0.20 per share, missing analyst expectations of $0.28, and achieved revenue of $11.78 billion, falling short of estimates by a significant margin.

Denso Corp. (OTCMKTS:DNZOY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $14.84, but opened at $14.50. Denso shares last traded at $14.60, with a volume of 3,649 shares.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Zacks Research raised shares of Denso from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. UBS Group downgraded shares of Denso from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold".

Denso Price Performance

The company has a quick ratio of 1.25, a current ratio of 1.80 and a debt-to-equity ratio of 0.09. The stock's 50-day simple moving average is $14.38 and its two-hundred day simple moving average is $13.47. The company has a market capitalization of $42.59 billion, a price-to-earnings ratio of 15.40 and a beta of 0.97.

Denso (OTCMKTS:DNZOY - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.08). The company had revenue of $11.78 billion for the quarter, compared to analyst estimates of $1,767.34 billion. Denso had a return on equity of 7.67% and a net margin of 5.62%. Equities research analysts predict that Denso Corp. will post 1.05 earnings per share 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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