Denso (OTCMKTS:DNZOY) Shares Gap Down – Time to Sell?

Denso Corp. (OTCMKTS:DNZOY) gapped down before the market opened 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.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Zacks Research raised shares of Denso from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. The Goldman Sachs Group cut shares of Denso from a “strong-buy” rating to a “neutral” rating in a research note on Wednesday, January 7th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Denso Stock Performance

The firm has a market capitalization of $38.20 billion, a price-to-earnings ratio of 15.26 and a beta of 1.06. The firm has a 50 day moving average price of $13.63 and a 200-day moving average price of $14.04. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.73 and a quick ratio of 1.16.

Denso (OTCMKTS:DNZOY) last announced its quarterly earnings results on Friday, January 30th. The company reported $0.34 earnings per share for the quarter, beating 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%. As a group, sell-side analysts expect that Denso Corp. will post 1.05 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.