Denso (OTCMKTS:DNZOY) Sees Strong Trading Volume – What’s Next?

Denso Corp. (OTCMKTS:DNZOY) saw an uptick in trading volume on Tuesday . 317,460 shares traded hands during trading, an increase of 201% from the previous session’s volume of 105,572 shares.The stock last traded at $12.8350 and had previously closed at $12.81.

Analyst Upgrades and Downgrades

DNZOY has been the topic of several analyst reports. The Goldman Sachs Group downgraded shares of Denso from a “strong-buy” rating to a “neutral” rating in a research report on Wednesday, January 7th. Zacks Research upgraded shares of Denso from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Denso Trading Down 0.9%

The business’s 50-day simple moving average is $13.88 and its 200-day simple moving average is $14.00. The company has a current ratio of 1.91, a quick ratio of 1.28 and a debt-to-equity ratio of 0.10. The company has a market cap of $36.50 billion, a PE ratio of 13.63 and a beta of 1.04.

Denso (OTCMKTS:DNZOY) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Denso had a net margin of 5.12% and a return on equity of 7.23%. The business had revenue of $12.24 billion for the quarter, compared to the consensus estimate of $11.88 billion. As a group, analysts expect that Denso Corp. will post 1.05 EPS 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.