Denso (OTCMKTS:DNZOY) Shares Gap Up – Here’s What Happened

Denso Corp. (OTCMKTS:DNZOY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $12.3380, but opened at $12.82. Denso shares last traded at $12.33, with a volume of 12,672 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Denso from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 12th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Denso Trading Up 0.8%

The firm’s 50-day moving average is $12.17 and its 200 day moving average is $12.10. The company has a current ratio of 2.12, a quick ratio of 1.44 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $36.01 billion, a price-to-earnings ratio of 12.01 and a beta of 0.94.

Denso (OTCMKTS:DNZOY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.04). The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $11.42 billion. Denso had a net margin of 5.59% and a return on equity of 7.85%. On average, equities analysts predict that Denso Corp. will post 0.89 earnings per share for the current fiscal year.

About Denso

DENSO Corporation (OTCMKTS:DNZOY) is a Japan-based global automotive supplier that develops and manufactures components and systems for vehicle manufacturers. Its product portfolio includes thermal-management systems, air-conditioning and heating equipment, engine and powertrain components, fuel-injection systems, electrical and electronic components, and windshield wipers.

The company also provides technologies supporting vehicle electrification, advanced driver-assistance systems, automated driving, connected vehicles, and vehicle safety.