Denso (OTCMKTS:DNZOY) Shares Gap Up - Time to Buy?

Key Points

• Denso Corp. shares gapped up from $14.56 to $15.04 prior to trading, with a trading volume of 28,743 shares.
• Analysts have mixed ratings on Denso, with Zacks upgrading it to a "hold" and UBS Group downgrading it to a "hold", resulting in an average rating of "hold" from analysts.
• Denso reported earnings of $0.20 per share, falling short of expectations by $0.08, despite revenue of $11.78 billion for the quarter.

Denso Corp. (OTCMKTS:DNZOY - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $14.56, but opened at $15.04. Denso shares last traded at $15.04, with a volume of 28,743 shares.

Analyst Ratings Changes

Several analysts recently weighed in on DNZOY shares. Zacks Research upgraded shares of Denso from a "strong sell" rating to a "hold" rating in a report on Monday, September 1st. UBS Group downgraded Denso from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of "Hold".

Denso Stock Up 0.4%

The company has a fifty day moving average of $14.04 and a two-hundred day moving average of $13.32. The company has a market cap of $42.53 billion, a PE ratio of 15.38 and a beta of 0.97. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.25 and a current ratio of 1.80.

Denso (OTCMKTS:DNZOY - Get Free Report) last released its earnings results 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). Denso had a return on equity of 7.67% and a net margin of 5.62%.The business had revenue of $11.78 billion during the quarter, compared to analysts' expectations of $1,767.34 billion. As a group, 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.

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