Denso (OTCMKTS:DNZOY) Shares Gap Down After Earnings Miss

Denso Corp. (OTCMKTS:DNZOY)’s stock price gapped down prior to trading on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $13.42, but opened at $12.17. Denso shares last traded at $12.18, with a volume of 1,075 shares.

The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Denso had a net margin of 5.82% and a return on equity of 8.14%.

Analyst Ratings Changes

Separately, Citigroup cut shares of Denso from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Denso Trading Down 11.9%

The stock has a fifty day moving average of $11.93 and a 200 day moving average of $12.55. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.41 and a current ratio of 2.09. The company has a market capitalization of $35.54 billion, a PE ratio of 11.41 and a beta of 0.96.

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.