Denso (OTCMKTS:DNZOY) Shares Gap Down – Should You Sell?

Denso Corp. (OTCMKTS:DNZOY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $13.80, but opened at $12.72. Denso shares last traded at $12.72, with a volume of 31,690 shares changing hands.

Analyst Ratings Changes

A number of brokerages have issued reports on DNZOY. Zacks Research raised Denso from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. The Goldman Sachs Group downgraded Denso from a “strong-buy” rating to a “neutral” rating in a report on Wednesday, January 7th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Denso currently has an average rating of “Hold”.

Denso Stock Down 6.2%

The firm has a 50 day simple moving average of $13.63 and a two-hundred day simple moving average of $14.04. The stock has a market cap of $38.20 billion, a P/E ratio of 15.26 and a beta of 1.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.16 and a current ratio of 1.73.

Denso (OTCMKTS:DNZOY) last issued its earnings results on Friday, January 30th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $12.24 billion during the quarter, compared to analysts’ expectations of $11.88 billion. Denso had a net margin of 4.92% and a return on equity of 6.84%. Equities research analysts predict that Denso Corp. will post 1.05 earnings per share for the current year.

About Denso

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.