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

Shares of Denso Corp. (OTCMKTS:DNZOY) gapped down prior to trading on Monday . The stock had previously closed at $12.15, but opened at $11.71. Denso shares last traded at $11.71, with a volume of 189 shares changing hands.

Analysts Set New Price Targets

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

Denso Stock Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 2.12 and a quick ratio of 1.44. The stock has a fifty day simple moving average of $12.19 and a two-hundred day simple moving average of $12.06. The firm has a market capitalization of $35.31 billion, a P/E ratio of 11.78 and a beta of 0.94.

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

Denso Company Profile

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.