Denso (OTCMKTS:DNZOY) Shares Gap Up - Still a Buy?

Shares of Denso Corp. (OTCMKTS:DNZOY - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $13.15, but opened at $14.37. Denso shares last traded at $14.42, with a volume of 1,187 shares trading hands.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised Denso to a "hold" rating in a report on Monday, April 14th.

Denso Trading Up 0.2%

The company has a market capitalization of $42.27 billion, a P/E ratio of 15.13 and a beta of 0.97. 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 business has a fifty day moving average of $13.35 and a 200-day moving average of $13.10.

Denso (OTCMKTS:DNZOY - Get Free Report) last posted its earnings results on Friday, April 25th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04). Denso had a return on equity of 7.73% and a net margin of 5.85%. The company had revenue of $13.01 billion for the quarter, compared to analyst estimates of $1,829.26 billion. Analysts anticipate that Denso Corp. will post 1.05 earnings per share for the current fiscal year.

About Denso

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.