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

Key Points

• Denso shares gapped down before Thursday trading, opening at $11.80 after a prior close of $12.44 and last trading at $12.22 on volume of 21,585 shares (about -0.6%).
• Analysts hold a consensus Hold rating on DNZOY; Zacks recently upgraded to Hold from Strong Sell while Goldman Sachs downgraded to Neutral from Strong Buy.
• Denso beat expectations for the quarter with EPS of $0.34 vs. $0.30 and revenue of $12.24B vs. $11.88B, and analysts forecast FY EPS of $1.05; the stock trades at a P/E of 13.43 with a market cap of $35.98B.

Denso Corp. (OTCMKTS:DNZOY - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $12.44, but opened at $11.80. Denso shares last traded at $12.22, with a volume of 21,585 shares trading hands.

Wall Street Analysts Forecast Growth

DNZOY has been the topic of several recent analyst reports. Zacks Research raised shares of Denso from a "strong sell" rating to a "hold" rating in a research note on Monday, January 26th. The Goldman Sachs Group lowered shares of Denso from a "strong-buy" rating to a "neutral" rating in a report on Wednesday, January 7th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

Denso Trading Down 0.6%

The company's fifty day simple moving average is $13.15 and its two-hundred day simple moving average is $13.65. The company has a quick ratio of 1.28, a current ratio of 1.91 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $35.98 billion, a price-to-earnings ratio of 13.43 and a beta of 1.05.

Denso (OTCMKTS:DNZOY - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $12.24 billion for the quarter, compared to analyst estimates of $11.88 billion. Denso had a net margin of 5.12% and a return on equity of 7.23%. Research 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.

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