Denso (OTCMKTS:DNZOY) Shares Gap Down - Time to Sell?

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) gapped down prior to trading 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.

Analysts Set New Price Targets

Separately, UBS Group cut shares of Denso from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold".

Denso Stock Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.28 and a current ratio of 1.85. The company has a market capitalization of $41.72 billion, a price-to-earnings ratio of 15.09 and a beta of 1.00. The firm has a 50-day simple moving average of $13.81 and a two-hundred day simple moving average of $13.21.

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 analysts' expectations of $1,767.34 billion. Denso had a return on equity of 7.63% and a net margin of 5.62%. On average, sell-side analysts anticipate that Denso Corp. will post 1.05 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.