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

Key Points

• Denso Corp. shares gapped down from $14.55 to $13.96 before market opening, with a trading volume of 208 shares.
• UBS Group downgraded Denso from a "strong-buy" to a "hold" rating, contributing to the stock's average rating of "Hold" from two analysts.
• The company reported earnings per share of $0.20, missing forecasts of $0.28, and had a revenue of $11.78 billion for the quarter.

Denso Corp. (OTCMKTS:DNZOY - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $14.55, but opened at $13.96. Denso shares last traded at $13.96, with a volume of 208 shares changing hands.

Analyst Ratings Changes

DNZOY has been the subject of several recent analyst reports. Zacks Research upgraded Denso from a "strong sell" rating to a "hold" rating in a research note on Monday. UBS Group downgraded Denso from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold".

Denso Stock Up 2.4%

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.85 and a quick ratio of 1.28. The stock has a market capitalization of $42.09 billion, a P/E ratio of 15.22 and a beta of 0.97. The firm has a 50 day moving average of $13.88 and a 200-day moving average of $13.24.

Denso (OTCMKTS:DNZOY - Get Free Report) last issued its quarterly earnings results 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). Denso had a net margin of 5.62% and a return on equity of 7.63%. The firm had revenue of $11.78 billion for the quarter, compared to the consensus estimate of $1,767.34 billion. On average, equities research analysts expect that Denso Corp. will post 1.05 earnings per share for the current fiscal 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.