Denso (OTCMKTS:DNZOY) Sees Strong Trading Volume – Here’s What Happened

Shares of Denso Corp. (OTCMKTS:DNZOY) saw unusually-high trading volume on Friday . Approximately 385,411 shares changed hands during mid-day trading, an increase of 116% from the previous session’s volume of 178,169 shares.The stock last traded at $11.60 and had previously closed at $11.56.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded shares of Denso from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Denso Stock Up 0.2%

The firm has a market cap of $33.71 billion, a P/E ratio of 10.82 and a beta of 0.95. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 1.91. The firm’s fifty day moving average is $11.92 and its 200 day moving average is $12.91.

Denso (OTCMKTS:DNZOY) last announced its earnings results on Monday, April 27th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. The business had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $11.85 billion. Denso had a net margin of 5.82% and a return on equity of 8.29%. As a group, equities research analysts anticipate 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.