Denso (OTCMKTS:DNZOY) Sees Strong Trading Volume – Time to Buy?

Denso Corp. (OTCMKTS:DNZOY) shares saw unusually-strong trading volume on Monday . Approximately 71,701 shares changed hands during mid-day trading, a decline of 37% from the previous session’s volume of 114,478 shares.The stock last traded at $12.25 and had previously closed at $11.98.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DNZOY shares. Zacks Research upgraded Denso from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. The Goldman Sachs Group lowered Denso from a “strong-buy” rating to a “neutral” rating in a report on Wednesday, January 7th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Denso Stock Up 2.2%

The firm has a market cap of $35.63 billion, a price-to-earnings ratio of 13.30 and a beta of 1.04. The business’s 50-day moving average is $13.82 and its 200-day moving average is $13.96. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.28 and a current ratio of 1.91.

Denso (OTCMKTS:DNZOY) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $12.24 billion for the quarter, compared to analyst estimates of $11.88 billion. Denso had a net margin of 5.12% and a return on equity of 7.23%. On average, equities analysts predict that Denso Corp. will post 1.05 EPS for the current year.

About Denso

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.