Denso (OTCMKTS:DNZOY) Shares Gap Down – What’s Next?

Denso Corp. (OTCMKTS:DNZOY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $12.17, but opened at $11.63. Denso shares last traded at $11.6450, with a volume of 3,340 shares.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup lowered Denso from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Zacks Research raised Denso from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Denso Trading Down 4.7%

The company has a market capitalization of $33.77 billion, a P/E ratio of 10.84 and a beta of 0.97. The business has a fifty day moving average price of $12.11 and a 200 day moving average price of $13.17. The company has a quick ratio of 1.28, a current ratio of 1.91 and a debt-to-equity ratio of 0.10.

Denso (OTCMKTS:DNZOY) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Denso had a return on equity of 8.29% and a net margin of 5.82%.The firm had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $11.85 billion. On average, analysts expect that Denso Corp. will post 0.95 earnings per share for the current fiscal year.

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.